EPC Agreements

Under an EPC agreement, the EPC contractor, usually following a tender process, is contracted by the principal to provide engineering, procurement and construction services. An EPC contract is commonly negotiated to include the standard terms contained in the FIDIC "Silver Book". The EPC contractor assumes responsibility for integrating all the elements of design, construction and procurement and assuming the solvency risk down the supply chain.

http://www.charltonsnaturalresources.com/en/epcm-epc-agreements/epc-agreements