An Engineering Procurement and Construction (EPC) contract is a form of contract used where a contractor designs the installation, procures the necessary materials and builds the project either directly or by subcontracting part or all the work.
Some proponents prefer Engineering Procurement and Construction (EPC) in order to mitigate the contractor incurring monetary liability for failure to comply with any requirements such as delivering a project on time. Although the detailed contractual structure may vary most projects will entail the following agreements.
- Working with our sister company Gonzalez Construction, LLC we can design build and have the relation to management, control, and funding of the project
- The EPC contract will vary for each project; however, all will include the following:
- a single point of responsibility
- a fixed contract price specifying risks for cost overruns
- a fixed completion date that is either a fixed date or a fixed period after the commencement of the EPC contract
- performance guarantees, liquidated damages, and variations including change orders on terms acceptable to the contractor.
- Some utility companies may require acceptance of their own construction contract specifying some of the terms and conditions in the EPC contract, but more specific to the methods of operation.
As a key player in an EPC environment,GLEZ Designs, LLC& Gonzalez Construction, LLC will be able to provide engineering and design work, surface locating services, surveying, and construction services.