1Dept. of Civil Engineering, Madhav Institute of Technology and Science, Gwalior, Madhya Pradesh, India, 474005
2Assoc. Prof., Dept. of Civil Engineering, Madhav Institute of Technology and Science, Gwalior, Madhya Pradesh, India, 474005
Online published on 27 February, 2018.
It is undoubtedly true that the adoption of an appropriate project delivery method is positively related to the success of any construction project. As the construction industry expands rapidly, the need for a variety of contracting models increases simultaneously. Taking into account the dynamic nature of mega projects, more flexible & effective project delivery method is needed. So, as a method of project delivery, the Engineering, Procurement & Construction (EPC) approach accounts for an increasing proportion of mega project construction. The paper brought in contrast, the circumstances in which the approach would be suitable, the pros & cons of this project delivery method & the text also comes out with the future aspects of EPC.
Construction, Contracts, Design, EPC, Procurement, Responsibility, Risk