Risk control in EPC Contract Projects

Authors: YAN Rui-ming(Shenyang Railway Survey and Design Institute Ltd.,Shenyang 110013,China)

 

Abstract


On the analysis of risk reasons and circumvention measures in each stage of engineering, procurement, construction  contracting (EPC), the effective control methods for risk in contracting were proposed in two aspects, including reasonable allocation of the managers and improvement of management system and operation mechanism in each stage, making clear that the identification of engineering risk responsibility is an effective means for decreasing the risk loss, such as joint hearing system and dynamic management for contract and design, intervene in key points in design stage for procurement and construction sector, joint hearing of plans and working drawings, sunshine procurement in procurement stage, expert system in construction period, and accountability system for identifying the responsibilities in the accidents.

 

Source: China National Knowledge Infrastructure