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ArticleWorlds Apart: EPC and EPCM Contracts: Risk issues and allocationBy Phil Loots and Nick Henchie November 2007 Worlds Apart: EPC and EPCM Contracts: Risk issues and allocationBy Phil Loots and Nick Henchie2 IntroductionFor many years now it seems that the most desired way for an Owner to procure a major construction project, particularly one being project financed, was via a fixed price, lump sum turnkey route; the so called engineering, procurement and construction contract ( EPC contract ). By this route, funders and Owners expect to get the degree of certainty as to time and costs that they require.

Article Worlds Apart: EPC and EPCM Contracts: Risk issues and allocation By Phil Loots and Nick Henchie November 2007

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