199155, St.Petersburg,
Uralskaya ul., 19, letter D, bld. 5

Tel.: +7(812) 327-7960
Fax: +7(812) 327-7692



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EPC contract

ЕРС — is an abbreviation for Engineering, Procurement, Construction, which usually means contract for construction on a turn-key basis with a fixed price. An EPC-contractor is a general contractor carrying out the major work scope of the investment construction project for a fixed price and assuming all risks related to its implementation starting from designing and finishing up with transferring of the completed facility to the customer (including fulfillment of warranty obligations, for which the contractor bears financial responsibility to the Customer).