A standard typically includes the following critical sections:
A detailed definition of all project deliverables to avoid later disputes. MODELO DE EPC1 pdf
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 protecting owners from budget overruns.
Clearly defined milestones and a final completion date, often tied to penalties for delays. MODELO DE EPC1 pdf
Professional organizations and international bodies provide vetted models for these contracts:
Detailed clauses that transfer construction and design risks from the owner to the contractor.
Most EPC contracts use a fixed-price model, protecting owners from budget overruns.