Research on Risk Management of Engineering Projects under EPC Mode

Abstract

As a typical type of general contracting model, EPC (Engineering Procurement Construction) refers to the full process general contracting carried out by the contractor on behalf of the owner, in accordance with the agreement, for the design, procurement, construction and other stages of the engineering project. Compared to other modes, the EPC general contracting mode also faces more risk, with risk factors in each link. This article conducts research on the risk of engineering projects under the EPC mode, mainly analyzing the characteristics of the EPC mode and the risk problems existing in the EPC general contracting mode. It proposes relevant countermeasures to strengthen the risk management of EPC general contracting projects from four aspects: contract, design, procurement, and construction, providing a certain reference for the risk management of EPC projects in construction enterprises.