The demand for EPC general contractors is growing by the day. If you’re looking for a good general contractor for your project, do not miss this article. It is a summary of the information that helps you to know about EPC general contractor, such as definitions, selection criteria, and EPC general contractors’ rights and obligations.
Nội dung bài viết
What is an EPC General Contractor?
For those who are unfamiliar with the acronym EPC, it stands for three English words: Engineering, Procurement, and Construction. Among these:
- Engineering refers to work designing
- Procurement refers to the procurement and supply of technology equipment or supplies
- Construction refers to the construction of works.
As a result, we can define an EPC general contractor as a contractor who performs all design, technology equipment supply, and construction work. In contrast to the turnkey general contractor, the EPC general contractor does not participate in the development of the construction investment project.
The investor in a project can sign a contract with one or more main contractors. The contractor who wins the EPC package can perform all stages on his own or hire subcontractors to complete various aspects of the project. If the EPC general contractor signs contracts with subcontractors, these subcontractors must be approved by the Investor. The EPC contractor must be accountable to the investor for the progress and quality of the signed works, including subcontractor work.
EPC general contractor requirements
The EPC general contractors must be fully capable of practicing and operating in accordance with investment and construction law, specifically:
- Having registered as a business in accordance with the bidding package’s contents
A joint venture agreement is required if the contractor is a joint venture organization. In this case, a contractor will represent the joint venture with mutual responsibility and must agree to complete the work assigned to the contractors. In accordance with the assigned work content, each contractor in the joint venture must also have a business registration.
- Having sufficient experience and conditions to complete the work under the EPC contract, including:
- Design experience;
- Ability and experience to work as a contractor on projects and bidding packages of comparable size and complexity;
- Focal units in design consultancy, processing, manufacturing, material and equipment supply, and construction
- Having the ability to meet the project’s or bidding package’s financial requirements as well as the ability to mobilize to implement the EPC contract.
The EPC general contractor’s rights and Applications
- Manage the scope of work in accordance with the project objectives and the list of works in the signed contract; verify the accuracy, completeness, and suitability of the survey documents, design, and technical documents applied.
- Manage the work progress in accordance with the overall project progress and the signed EPC general contractor contract.
- Manage all means and construction methods on the project’s construction site.
- Supplement or replace subcontractors to ensure the quality, price, and progress of the contract works after being approved by the Investor.
- Control the cost of performing contract work; manage, pay, and adjust contract prices in accordance with the contract and relevant laws.
- The EPC general contractors are responsible for organizing and managing all activities on and off the construction site in order to ensure the contract’s safe and effective performance. Coordinating subcontractors to use auxiliary works and construction services rationally in order to avoid waste; use, protect, and maintain the order and security of the construction site.
- Actively collaborate with the investor to plan training for managers and employees on how to operate and use the works in accordance with the signed EPC general contractor contract.
Prestigious and professional EPC general contractor – PC1
EPC PC1 is an EPC general contractor specializing in providing construction design and construction solutions using modern technical technologies in a variety of fields. With a focus on EPC and PC general contractor projects, as well as projects with high technical specificity and large scale, PC1 Group Joint Stock Company has made significant strides in the past few years, becoming one of Vietnam’s leading EPC general contractor units for high voltage and super high voltage electrical works.
As an EPC contractor, EPC PC1 has been directly supporting the investor in the development of investment plans, procurement of materials and equipment, construction, testing, and project handover. The work categories we participate in include:
- Design and survey
- Consulting for compensation for site clearance
- Legal advice, COD
- Procurement and cooperation with major equipment and supplies suppliers
- Managing project execution
- Subcontractor management
- Calibration and experimental installation
If you are looking for an EPC contractor to meet your desire to ensure the quality of the work, please contact the general contractor EPC PC1 using the information provided below:
PC1 GROUP JOINT STOCK COMPANY
- Tax code: 0100100745; Ticker symbol: PC1
- Building CT2-No. 583 Nguyen Trai, Thanh Xuan, Hanoi, VN
- Solution Hotline: 0981.119.120 | Hotline EPC: 0978.299.298
- Email: epc@pcc1.com.vn
