Engineering, procurement and construction
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Companies seeking financing or outside investment to build large facilities such as power plants, refineries, and steel mills are generally required to obtain a lump sum, turn-key engineering, procurement, and construction contract with a credit-worthy contractor with satisfactory industry-related experience and capabilities by the debt providers or equity investors. Such a contractor is an engineering, procurement, and construction (EPC) company. The EPC contractor will be required to provide single source process and schedule guarantees to minimize the risks to the parent company and investors.
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