Author(s)

Ke Wang

Corresponding Author

Ke Wang

Abstract

This article studies the project cost under EPC (engineering procurement construction) general contracting mode. Although EPC mode is widely used at present, there are some problems in project cost control, such as poor communication among participants and blocked information transmission, which leads to cost out of control. In order to maximize the economic and social benefits of the project, through the analysis of EPC general contracting mode and related theories of project cost, this article deeply analyzes the elements of cost coordination and control in each stage of decision-making, design, bidding, construction and completion, and finds that the influence of each stage on the cost is different and interrelated. Based on this, this article puts forward some strategies, such as constructing collaborative organizational structure and management process, establishing information sharing platform, strengthening contract management, and using technical and economic analysis methods, so as to reasonably determine and effectively control the project cost.

Keywords

EPC general contracting mode, Project cost, The whole process, Collaborative management and control, management strategy