What is EPC?
EPC or Engineering, Procurement and Construction is a contract used in the construction industry. This contract is made between the contractor and the client and it defines all the key aspects of the project like the time it will take to complete, the amount to be paid, the activities that will be undertaken, the goal that the project aims to achieve and the material that will be used in construction, etc. With the help of such a contract, the contractor is bound to finish the set tasks in the timeline defined in the contract. Also, the client has to pay the set amount as written in the contract and thus, chances of discrepancies and disagreements are removed.
EPC Full Form
Engineering, Procurement, and Construction is the full form of EPC. EPC is Used in the construction industry. In this article, we will learn about EPC and its various Phases in detail.
What is the full Form of EPC?
The full form of EPC is Engineering, Procurement, and Construction.