Research on Pricing Model Control of EPC Project in China ——Based on Simulated Bill of Quantities Company
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As a contracting model for large-scale construction projects commonly used in the world, the EPC model fundamentally resolves the drawbacks caused by the incompatibility of design and construction in the traditional contracting mode. However, due to the specific risk environment and trust situation in China, coupled with the lack of complete system of laws and regulations system, resulting in China's EPC model bidding at different times, the owners need to assume different risks. Therefore, studying the timing of the bidding for EPC mode in China and the bidding method can lay a solid foundation for the successful implementation of EPC project.
EPC Project, Trust model, Tender intervention point, Simulated Bill of Quantities.