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EPCM model the contractor does no building or construction; rather they develop the design and manage the construction process on the owner's behalf FOR EXAMPLE:FLOUR,PETROFAC,FOSTERWHEELER
EPC (Engineering, Procurement and Construction): means the company is contracted to provide engineering, procurement and construction services by the owner FOR EXAMPLE:DAELIM,TR,SK,JGC
The key difference is that under an EPCM contract, other parties construct the project – the EPCM contractor is not the builder/constructor.
EPC is much higher Risk than EPCM.
EPCM is limited to construction management and most of the time linked to Mna/Hr rate were EPC is lump sum.
