Engineering, procurement, and construction: Difference between revisions

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Explaining FIDIC
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* Modernization of plants
 
An EPC, LSTK, or EPCC are all same types of contract. This form of contract is covered by the FIDIC (International Federation of Consulting Engineers) Silver Book <ref>{{cite web|title=FIDIC Silver Book|url=http://fidic.org/sites/default/files/hosie06.pdf}}</ref> containing the title words ''EPC/turnkey''. The initials EPCM are also encountered frequently on international projects, but this is very different from EPC. EPCM is a services-only contract, under which the contractor performs engineering, procurement and construction management services. In an EPCM arrangement, the client selects a contractor who provides management services for the whole project on behalf of the client.
 
==See also==