EPC (Engineering, Procurement, and Construction) contracts are the most favored contract type in the private sector when it comes to undertaking complex infrastructure projects. An EPC contractor provides end-to-end consultancy and construction services.

 

EPC contracts are also known as Turnkey Contracts as the project owners just have to turn the key once they float an EPC tender. Thereafter, it is the responsibility of the contractor to complete the project as per the agreed terms and conditions.