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EPC stands for Engineering, Procurement and Construction.

It is a common form of contracting arrangement within the construction industry. Under an EPC contract, the contractor will design the installation, procure the necessary materials and construct it, either through own labour or by subcontracting part of the work. The contractor carries the project risk for schedule as well as budget in return for a fixed price, called Lump sum or LSTK depending on the agreed scope of work.[1]

When scope is restricted to engineering and procurement only, this is referred to as an EP or E+P contract. This is often done in situations where the construction risk is too great for the contractor or when the Owner has a preference for doing the construction himself.

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