What is EPC (Engineering Procurement, Construction)?

What is EPC? According to a study published by Global Industry Analysts Inc., the global oil and gas EPC market is forecasted to attain a revised size of $234.5 billion by 2026. Among the segments examined in the report, the upstream sector alone is anticipated to reach $106.2 billion by the conclusion of the analysis period.

Clearly, EPC holds substantial significance within the oil and gas industry, but what precisely does it entail? And what drives its growth? This article delves into elucidating the meaning of EPC, its association with specific industries, and the advantages it presents to both contractors and project owners.

For those seeking EPC solutions, Bodell Construction is at your service. With over 45 years of experience and a presence spanning 15 field locations across the United States, Bodell Construction is a comprehensive EPC contractor.

What Does "EPC" Stand For? In the realm of construction, EPC stands for Engineering Procurement Construction, serving as an acronym. EPC represents a project delivery model or contractual agreement wherein contractors assume end-to-end responsibility for the project lifecycle. In essence, engineering procurement construction contractors oversee the entire project, commencing from initial design and engineering blueprints and culminating in the construction and finalization of the completed product. Given this all-encompassing project management approach, EPC endeavors are often referred to as "lump sum turnkey" (LSTK) projects.

Enhancing fuel line on an engineering procurement design construction project Here's a breakdown of what is typically encompassed in each stage of the Engineering Procurement Construction model:

Engineering (referred to as the "execution" phase)

• Planning
• Estimations
• Site Investigation
• Design

Procurement

• Sourcing
• Hiring Sub-Contractors or Consultants
• Purchasing Equipment, Materials, and Supplies

Construction

• Construction Scheduling
• Communication with Sub-Contractors and Client
• Material Handling
• Labor and Building Activity

Handover

Does Bodell Construction Provide EPC Services? Absolutely. As adept Utah design/build contractors with proficient teams specializing in Value Engineering and Construction Management, we offer each of the EPC services individually or as a comprehensive, all-in-one construction solution.

Our proactive and client-centric approach effectively eliminates the typical friction between contractors and vendors encountered in many construction projects. Presently, Bodell stands as a prominent EPC contractor, catering to the commercial construction, commercial mining, oil and gas, and power industries. Our esteemed clientele includes Leto Logistics, US Robotics, and Biomass.