Epc full form: But what exactly does EPC mean in

But what exactly does EPC mean in construction? EPC stands for Engineering, Procurement, and Construction. It refers to a contract-based project delivery method where a single entity is responsible for the entire lifecycle of a construction project — from initial design to final handover. EPC stands for Engineering, Procurement, and Construction, a holistic and integrated approach to managing complex projects. Learn about the key components, industries, and challenges of EPC projects, and the full form in Hindi. EPC full form is Engineering, Procurement, and Construction. Tap to know more about EPC , its different projects and functions. EPC Contracts are comprehensive agreements in which a single contractor takes on full responsibility for the engineering (E), procurement (P), and construction (C) phases of a project. These contracts are typically executed on a turnkey lumpsum basis, meaning the contractor delivers a fully operational facility for a fixed price. A significant level of risk transfer characterizes these agreements, with the contractor assuming most of the financial, technical, and scheduling risks associated ...