What does EPC mean in GENERAL

Engineering Procurement and Construction (EPC) is a term used in the construction and engineering industry. It refers to the design, procurement, and construction of a project that is generally managed by a contract between an owner and an engineering contractor.

EPC typically provides services such as designing, building, permitting, managing resources such as labour or materials, ensuring compliance with local regulations or building codes, controlling costs, supervising the schedule for the completion of the project, etc.

Generally speaking, an owner will hire an engineering contractor to manage an EPC contract. The contractor will then be responsible for all aspects of the project from beginning to end.

Yes it can be. By using one source for all aspects of a project such as design, procurement and construction there may be cost savings since only one contract needs to be negotiated with one party instead of negotiating separate contracts with multiple parties involved in the project separately.

Generally speaking most reputable contractors do offer some sort of guarantee on their work either through warranties or through damage control agreements in case something goes wrong during or after completion of the work scope agreed upon in their contract with you as the owner.