There are many companies within the development and
infrastructure, renewable energy and power industries that prefer
the use of Engineering, Procurement and Construction contracts to
manage complex projects. An Engineering, Procurement and
Construction Contract ("EPC Contract"), occasionally
known as a "Turnkey Contract", is a construction contract
where the contractor ("EPC Contractor") holds the
responsibility towards the design, procurement, construction,
commissioning and handover of a project ("Project").
In essence, an employer ("Employer") will provide the
EPC Contractor with a detailed scope of work including the
technical and functional specifications of any machinery or
facility to be constructed, and the EPC Contractor develops the
Project from its commencement to final completion. Thereafter, the
EPC Contractor will hand over the Project to the Employer to
operate the Project at the "turn of a key", hence the
term "turnkey". The amount of technical
