NAMTRUNG'S SERVICE - EPC CONTRACTOR CONTRACT
EPC CONTRACTOR CONTRACT EPC (short for Engineering, Procurement and Construction) means design, procurement and construction – a type of construction contract in which the contractor performs all the work from technical design, supply of materials and equipment to construction of works, items and testing and handover to the investor. EPC general contractors are companies that provide EPC projects, responsible for implementing EPC contracts – contracts for design, supply of technological equipment and construction of works (according to Decree 59/2015/ND-CP) An EPC general contract is different from a turnkey general contract (Lump Sum Turn Key – LSTK). In a “turnkey” contract, in addition to the design, supply of materials and equipment, and construction of works, the selected contractor also needs to prepare an investment project for the construction of the work. Why choose EPC general contractor solution? For the Investor, the application of the EPC Contract form allows the con...