05.07.2009
The contractor of the project is a one point of contact responsible for the engineering, procurement and construction of the project (e.g. power station, transmission system). The terms and conditions of the contract are agreed a priori and the contractor takes upon himself all the risks that are agreed upon within the contract, rather than the entrepreneur. The scope, quality, timescale and costs will be agreed beforehand between the parties. In an EPC contract for the construction of a natural gas transmission line, the EPC contract may for instance refuse to take upon himself the risks of obtaining the rights of way on the land on which the pipeline will be constructed

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