Most EPC contracts use a fixed-price model, protecting owners from budget overruns.
Designing a Model TO Increase the Profitability of EPC Projects
It is important to distinguish this model from the (Engineering, Procurement, and Construction Management) model. In an EPCM arrangement, the contractor acts as a consultant or professional service provider rather than the primary builder, leaving more risk and direct contractual management to the project owner. Where to Find Standard Templates