Study on Cost Management under EPC General Contracting Model
As a new mode of implementation for the construction project, EPC mode is more and more highly praised by owner and contractor. The owner can reduce the risk through implementing this mode and make the price of project relatively regular at the same time. However, because the owner seldom participates in this mode, in addition, the same contractor charges design and construction of the project, the owner’s controls to the price of project becomes more and more difficult. This paper discusses reasonable determination and effective control method and means to the price of the project under EPC mode according to the characteristic.
Qi Luo and Yuanzhi Wang
J. R. Zhong "Study on Cost Management under EPC General Contracting Model", Advanced Materials Research, Vols. 181-182, pp. 49-53, 2011