What does Epcm stand for?
EPCM stands for Engineering, Procurement, Construction Management. This type of contract is different to an EPC Contract in that the Contractor is not directly involved in the construction but is responsible for administering the Construction Contracts.Click to see full answer. Similarly, what is the difference between EPC and EPCM?While an EPC contract takes the form…
EPCM stands for Engineering, Procurement, Construction Management. This type of contract is different to an EPC Contract in that the Contractor is not directly involved in the construction but is responsible for administering the Construction Contracts.Click to see full answer. Similarly, what is the difference between EPC and EPCM?While an EPC contract takes the form of a design and construction contract, the EPCM model can be regarded as a professional services contract. The EPCM contractor has a duty to ensure that the engineering and design of the project is in compliance with the projects technical and functional specifications.Likewise, what is the difference between EPC and PMC? An EPC contractor performs the engineering, procurement and construction scope(s) for a project, i.e. the EPC executes the actual work. On the other hand, a Project Management Contractor (PMC) manages a project or part of a project on behalf of the project owner. In this regard, what is a EPCM company? Engineering, Procurement and Construction Management (EPCM) is a special form of contracting arrangement. In an EPCM arrangement, the client selects a contractor who provides management services for the whole project on behalf of the client.What is difference between EPC and turnkey?To me, the major difference is that EPC is a term that is fairly specific to the construction industry, whereas turnkey is am ore generic term which is uded in many industries. It may well be that an EPC contract is turnkey, but not all turnkey contracts are EPC.
