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EPC Contract: Love it or Leave it
February 24, 2021
The Engineering, Procurement and Construction (EPC) delivery model is common for large-scale and complex public and private infrastructure projects. However, given the size of these projects, the terms and conditions, and compensation models of typical EPC contracts, the model includes many risk allocation disputes. These risks can invite an adversarial approach to the contractual relationship, increasing transaction costs, and lengthy and costly dispute resolution. If this is known, these costs may be built into the pricing at the risk of an EPC not being successful in winning the work. Jason Roth and Geoff Stenger participate in this panel discussion, "EPC Contract: Love it or Leave it," for the Society of Construction Lawyers.