EPC Company: EPC company means – What is EPC company?
Engineering, Procurement and Construction (EPC) is a particular form of contracting arrangement used in some industries where the EPC contractor is made responsible for all the activities from design, procurement, construction, commissioning and handover of the project to the end-user or owner.
EPC construction company
EPC stands for Engineering, Procurement, Construction and is a prominent form of contracting agreement in the construction industry.
The engineering and construction contractor will carry out the detailed engineering design of the project, procure all the equipment and materials necessary, and then construct to deliver a functioning facility or asset to their clients. Companies that deliver EPC Projects are commonly referred to as EPC Contractors.
EPC services company
The EPC phase of the project is also known as the Execution phase which normally follows what is known as a FEED or Front End Engineering Design phase.
The FEED is a basic engineering design used as the basis for the EPC phase. The FEED can be divided into separate packages covering different portions of the project. The FEED packages are used as the basis for bidding on when the client offers the EPC work to the market.
Normally the EPC Contractor has to execute and deliver the project within an agreed time and budget, commonly known as a Lump Sum Turn Key (LSTK) Contract. An EPC LSTK Contract places the risk for schedule and budget on the EPC Contractor.
EPC contracting company
The Project Owner or client to the EPC Contractors will normally have a presence in the EPC Contractors offices during the execution of the EPC Contract. The Client places what can be termed as a Project Management Team or PMT to overlook the EPC Contractor.
The client PMT may require specialist help and bring onboard Project Management Consultants or PMC’s to assist. The PMT / PMC will ensure the EPC Contractor is carrying out the works in accordance with the agreed scope of works and in accordance with the Contract. It is quite common for the Engineering and Construction Contractor which delivered the FEED to be offered a Project Management Consultancy (PMC) Contract.
EPC company means
In some instances which can be related to the time, a project owner would like the project delivered, an engineering and construction company can be given work on a direct reimbursable basis to start with followed by conversion to LSTK once sufficient time and resources can be allocated to quantifying and pricing the scope of works.
One method to convert from a reimbursable to LSTK Contract is called an Open Book Estimate or OBE in which the Contractor will open all their working documentation or books for representatives of the client to assess what the total scope of works for delivering the project will be.
An agreed LSTK scope of works and price will be negotiated and agreed between EPC Contractor and Project Owner during the execution of EPC activities.
EPCM Contract
What is the difference between EPC and EPCM?
The fundamental difference is the role of the EPC or EPCM contractor. In an EPC contract, the EPC contractor develops the project from commencement to final completion. The owner or principal of the EPC project provides the EPC contractor with a detailed design including technical and functional specifications, in order for the EPC contractor to build and deliver the project to the “turn of the key”, within a specified time period.
This is why EPC contracts are often referred to as “turnkey” projects. The scope of work should be clearly defined in the contract documents; therefore, amendments to the scope of work should not be a common feature in EPC contracts. For this reason, an EPC contract is often a fixed price contract or an all-encompassing lump sum contract. Any shortfall of costs is a risk that rests with the EPC contractor, making cost control their number one priority.
Top EPC Companies in USA
Energy Renewables & Traditional
| Projects | Capacity (MW) | |
| Mortenson Construction | 153 | 20,246.21 |
| Blattner Energy | 80 | 13,912.25 |
| RES Americas | 67 | 7,896.82 |
| Sentry Electrical Group | 55 | 7,415.05 |
| Rosendin Electric | 70 | 7,248.72 |
| IEA Renewable Energy | 69 | 6,949.06 |
| Quanta Power Generation | 73 | 6,064.99 |
| EDF Renewable Energy | 54 | 5,775.90 |
| First Solar Inc | 57 | 5,705.96 |
| Wanzek Construction | 46 | 5,667.46 |
Mortenson Construction
Mortenson has built a reputation for delivering complex projects on time and on a budget in some of the most geographically challenging locations throughout the United States and Canada.
Blattner Energy
For more than a century, the Blattner Family of Companies has delivered collaborative construction solutions to industry leaders throughout the United States and Canada.
RES Americas
RES Americas is one of the top renewable energy companies in the country. They have been developing, constructing, owning, and operating renewable energy projects since 1997.
Sentry Electrical Group
Sentry Electrical Group, Inc. is a Georgia based company that performs projects across the entire United States. They provide high and medium voltage electrical construction and maintenance services of electrical infrastructure for private owners and utilities.
Rosendin Electric
Rosendin Electric, Inc. provides contract electrical engineering, power, and communications services. It offers preconstruction services to general contractors and owners; prefabrication services; and network services for construction, design-build, system integration, and turnkey projects.
IEA Renewable Energy
IEA Renewable Energy Inc. provides experienced construction crews that are backed by in-house engineering and site development professionals. With 80% of their business coming from repeat blue-chip customers, this integrated network allows self-perform siting, permitting, engineering, and construction services on utility-scale wind and solar energy projects.
Quanta Power Generation
Quanta Power Generation was established with a core focus of providing engineering, procurement, and construction (EPC) services to the utility-scale power generation industry. Since its formation, Quanta Power Generation has established itself as a leading provider of utility-scale PV solutions with over 300 MWDC of generation capacity completed or currently under construction.
EDF Renewable Energy
EDF Renewables, a subsidiary of the EDF Group, operated in more than 20 countries covering the entire value chain from development to operation and maintenance of renewable energy projects. With a focus on wind, solar and storage, the company is also involved in marine and other emerging technologies.
First Solar Inc
First Solar is the global leader in photovoltaic (PV) solar energy solutions. With more than 8 gigawatts (GW) installed worldwide, they believe that clean affordable solar electricity is an essential part of the global energy mix.
Wanzek Construction
Wanzek offers a single source for wind site services including the management, monitoring, and maintenance of civil, crane, turbine, blade, substation and T-Line collection, as well as continuous improvement services. They specialize in comprehensive wind power maintenance services using a regional deployment strategy, helping their customers maximize their investment in renewable power generation.
Largest EPC companies
EPC companies generally deal with civil engineering and project management works in various sectors of Energy & Power, Chemicals, and Hydrocarbon, Human resources, etc., which in turn balance the demand for certain products and development of safest superstructure across the world. Check out this list of the top 10 largest and best EPC companies around the world in 2019.
- Petrofac – London
- Saipem – Nigerian
- Hyundai Heavy Industries – South Korea
- SAMSUNG Engineering – South Korea
- Technip – France
- WorleyParsons – Australia
- CB&I – Chicago, Illinois, USA
- SK Engineering & Construction – South Korea
- NPCC – Abu Dhabi (UAE)
- TATA Projects LTD – Ahmedabad, Gujarat
Petrofac
Petrofac – London
Petrofac is the largest provider of oilfield services to the international oil and gas industries. The company mainly deals with petrochemicals that have several operating locations across the globe such as in Saudi Arabia, Malaysia, and India. Their range of services are designed and builds new oil and gas facilities and maintain already existed one, Engineering, Construction, Operation and Maintenance of these facilities, Energy and power service, etc.
The company was established in 1981 by Rijnhard van Tets and has its HQ in London, United Kingdom.
Saipem
Saipem – Nigerian
Saipem is known for operating Nigerian Unit since 2010 and was also awarded another $3 billion contract for the subsea development and production and installation of oil production and water injection flowlines, Egina field offshore Nigeria. The project was worth $3.8 Billion US dollars.
Hyundai Heavy Industries
Hyundai Heavy Industries – South Korea
The second-largest south Korean EPC company after Samsung specialized in marine manufacturing and other engineering works. Hyundai heavy industries are the world’s largest shipbuilder and recently they have been awarded a project for the construction of fixed platforms in the Abu Dhabi Nasr field from Abu Dhabi Marine Operating Company (ADMA OPCO) which is worth of $1.2 billion USD.
SAMSUNG Engineering
SAMSUNG Engineering – South Korea
Generally known for their smartphone but many people are not aware of another side of the coin called Samsung engineering co.ltd. They are one of the largest weapon manufacturers and having a large share in the Construction and energy sector as well.
Samsung Engineering is currently offering products in environmental, industrial, Hydrocarbon, infrastructure-related plants, and facility sectors. Currently, the company houses 8,300 employees and annual revenue of the company is $8.4 billion USD.
Technip
Technip – France
A French Constriction project and Engineering company are known for providing the quality solution in Project management, engineering, and construction for the energy industry & Oil & Gas sectors. The company is housing 37,500 employees and annual revenue of the company is €10.7 billion Euros as per the report of 2014.
WorleyParsons
WorleyParsons – Australia
Worley Parsons was founded by Wholohan Grill and Partners in 1971 and has its HQ in North Sydney, NSW, Australia. The company is currently housing more than 24,500 employees across the globe and has revenue of A$5,892.9 million dollars as per the report of 2014. Currently, the company is working in construction and engineering, power & energy and Oil & Gas sectors.
Chicago Bridge & Iron Company
CB&I – Chicago, Illinois, USA
Chicago Bridge & Iron, The company is currently serving in sectors like Gas & oil, Constructions, energy, natural resource industries & Engineering housing 50,000 employees and an annual turnover of whopping $12 billion US dollars.
SK Engineering
SK Engineering & Construction – South Korea
SK Engineering and construction is South Korea’s third-largest civil engineering and construction company after Hyundai and Samsung engineering Ltd. According to the latest report by AFP, last year six EPC company won the bids by Iraq government to build an oil refinery in Iraq and the project worth of $6.4 Billion USD.
National Petroleum Construction Company
NPCC – Abu Dhabi (UAE)
Known for creating marvelous skyscraper across the UAE, NPCC is one of the leading engineering and construction company in the world. This Adu-Dhabi based company is currently active in the following sectors: chemical and Petrochemical, Transportation, Infrastructure and Civil Engineering & Oil, and Gas.
TATA Projects LTD
TATA PROJECTS LTD – Ahmedabad, Gujarat
TATA project Ltd is part of India’s largest business group ‘TATA’ which has revenues of over $100 billion, over 100 operating companies across the globe. Being in sectors of Information and Technology, consumer products, energy, materials, & engineering, telecommunications, TATA groups finally get their hands in the Construction sector with the name ‘TATA’ projects.
EPCM Companies
EPCM stands for Engineering, Procurement, Construction Management. This type of contract is different from an EPC Contract in that the Contractor is not directly involved in the construction but is responsible for administering the Construction Contracts
EPC company means
In contrast to the EPC model, the EPCM contractor is not directly involved in the building and construction of the project, but is rather responsible for the detailed design and overall management of the project, on behalf of the owner or principal.
While an EPC contract takes the form of a design and construction contract, the EPCM model can be regarded as a professional services contract.
What are the EPC companies?
Engineering, Procurement and Construction (EPC) is a particular form of contracting arrangement used in some industries where the EPC contractor is made responsible for all the activities from design, procurement, construction, commissioning and handover of the project to the end-user or owner.
EPC stands for Engineering, Procurement, and Construction. These companies are hired by Oil & Gas companies for long-term projects that need to be completed by skilled individuals.
The engineering and construction contractor will carry out the detailed engineering design of the project, procure all the equipment and materials necessary, and then construct to deliver a functioning facility or asset to their clients. Companies that deliver EPC Projects are commonly referred to as EPC Contractors.
The fundamental difference is the role of the EPC or EPCM contractor. In an EPC contract, the EPC contractor develops the project from commencement to final completion. This is why EPC contracts are often referred to as “turnkey” projects. For this reason, an EPC contract is often a fixed price contract or an all-encompassing lump sum contract. Any shortfall of costs is a risk that rests with the EPC contractor, making cost control their number one priority.
In contrast to the EPC model, the EPCM contractor is not directly involved in the building and construction of the project, but is rather responsible for the detailed design and overall management of the project, on behalf of the owner or principal.
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Top EPC Companies
TOP EPC COMPANIES: EPC services company, EPC oil & gas multinational company, EPC company means, what is EPC company.
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