What does EPCC mean in CONSTRUCTION
Engineering Procurement Construction and Commissioning (EPCC) is a contractual arrangement between an employer and a contractor in the engineering, procurement, construction and commissioning of a project. EPCC typically involves the contractor agreeing to provide all the resources necessary to complete a project on time, within budget and to an agreed standard of quality. It also includes taking responsibility for commissioning any services or systems once they have been installed.
EPCC meaning in Construction in Miscellaneous
EPCC mostly used in an acronym Construction in Category Miscellaneous that means Engineering Procurement Construction and Commissioning
Shorthand: EPCC,
Full Form: Engineering Procurement Construction and Commissioning
For more information of "Engineering Procurement Construction and Commissioning", see the section below.
Essential Questions and Answers on Engineering Procurement Construction and Commissioning in "MISCELLANEOUS»CONSTRUCTION"
What is Engineering Procurement Construction and Commissioning (EPCC)?
Engineering Procurement Construction and Commissioning (EPCC) is a contractual arrangement between an employer and a contractor in the engineering, procurement, construction and commissioning of a project. EPCC typically involves the contractor agreeing to provide all the resources necessary to complete a project on time, within budget and to an agreed standard of quality. It also includes taking responsibility for commissioning any services or systems once they have been installed.
What does EPCC generally involve?
EPCC generally involves contracting out various activities such as planning, design, engineering, procurement of materials/equipment, construction works and installation/commissioning works related to the development of a particular project.
Who is responsible for providing the resources needed for EPCC?
The contractor is usually responsible for providing the resources needed for EPCC, such as personnel with relevant expertise or experienced professionals who can manage each stage of the process.
Is there any risk involved with implementing an EPCC contract?
Yes; there are certain risks associated with implementing an EPCC contract including cost overruns due to delays or unexpected changes in scope/project requirements from either party during execution that may require additional funds from either side. Additionally, if either party fails to live up their contractual obligations then this could result in legal issues that need resolving.
Who will be responsible for managing disputes in regards to an EPCC contract?
An independent third-party mediator should be appointed by both parties of the contract prior to execution in order to handle any disputes that may arise throughout the duration of the contract. This mediator should remain objective when resolving conflicting interests between both parties involved in order reach satisfactory settlement agreements.
Final Words:
Engineering Procurement Construction and Commissioning (EPCC) contracts offer many benefits such as potentially saving time and money over carrying out individual tasks separately; however they come with certain risks that need to be taken into account before entering into one such agreement. It is important that both parties are fully aware of their responsibilities so they can prepare adequately during implementation while avoiding potential pitfalls along they way if something changes unexpectedly throughout execution.
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