1.Which of the following is true about Engineering, Procurement, and Construction (EPC) Contracts? (Select all that apply.)
EPC contracts, commonly referred to as Turnkey Projects, are widely used in construction and infrastructure projects. These contracts require the contractor to design, procure materials, and construct the project to deliver a complete and operational facility to the client. Answer Options:
A. The contractor is responsible for the design aspect of the construction
B. The contractor may operate the building for a certain period after completion
C. These contracts are commonly known as Turnkey Projects
D. These contracts are sometimes referred to as Design and Build Contracts
E. These contracts are used when forming a partnership between a private and public organization
Explanation:
The correct answers are 1, 3, and 4 (p.8). Option 2 is incorrect as it describes a DBO (Design-Build-Operate) contract rather than an EPC contract. Option 5 is incorrect because it describes a PPP (Public-Private Partnership) contract, not an EPC contract. [P.8]