BENEFITS OF EPC PROCESS
Single point of accountability
The client can refer to one single company for the entire phase of the project
Owner transfers interface management
Risks to EPC contractor: you don’t need to worry about passing the project along to another company and having to explain everything to another company
Enhanced construct ability
Drives down costs
Integrated flow
Of information and communication
Aligned interests
Common project goals
Efficient project
Execution with condensed project schedules
EPC contractors
Will guarantee the facility meeting the performance requirements specified by the client: A failure to meet the requirement results in liquidated damages against the EPC contractor
