What's the EPC？

The EPC is the common method for EPC companies, which is in favor of clarifying various complex relationships such as owner and contractor, enforcing authority and main market players. The advantages of EPC are as follows:
The first one is Optimization of resource allocation. The foreign experience has proved that the EPC has reduced the occupancy of resources and administrative cost. In our country, the three aspects are showed. The owner is free of various affair, which avoids the waste of personnel and fund. The general contractor reduces the cost of alteration, dispute, and claim for compensation. The subcontractor's division of labor could be increased.
The scale economy is easy to form. The EPC, construction contracting and subcontract could form tower structure. The unitary type of organization form could change into synthesizing type, which could integrate fund, technology, management as large enterprise groups. The market share could be extended.
The government sector could break the trade monopoly. In this way, it can solve prominent problem of construction market, realizing the risk guarantee.
The building cost of projects could be controlled easily, which promotes the level of bidding. For example, most EPC companies have access to controlling the building cost of apron feeder, stacker reclaimer, belt conveyor and etc. For the conveyor components, the cost will be controlled in plan.
The management modernization could be realized. The computer system is built to realize the electronization, informatization, automation and normalization, which enhances the management level and efficiency.

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