Legal Dictionary of Pakistan

engineering, procurement, and construction contract

A fixed-price, schedule-intensive construction contract - typically used in the construction of single-purpose projects, such as energy plants - in which the contractor agrees to a wide variety of responsibilities, including the duties to provide for the design, engineering, procurement, and construction of the facility; to prepare start-up procedures; to conduct performance tests; to create operating manuals; and to train people to operate the facility. - Abbr. EPC contract. - Also termed turnkey contract. See SINGLE-PURPOSE PROJECT.