Author(s)

Ningyong Wen

Corresponding Author

Ningyong Wen

Abstract

With the development of China's economy, many foreign contract models have been introduced into China and developed rapidly, such as the EPC model. As a typical model, EPC model integrates design, procurement and construction with EPC model. It has the characteristics of long construction cycle and complex construction. Compared with the DBB model, the contractor will bear more risks in the EPC modelm, such as engineering change, and then cause the adjustment of the contract price to the owner or general contractor benefit damage. Thus, how to avoid these problems reasonably is a hotspot, and the main research content.

Keywords

EPC model Engineering change, Contract price adjustment, Engineering procurement construction (EPC) / Turnkey Project Contract Conditions.