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Contract for design, supply of technological equipment and construction (EPC) is one of the types of contracts in the construction field. It includes three main stages: technical design, equipment supply and construction. The EPC contract will record agreements between participating parties to ensure the project is carried out on schedule, quality and budget.
EPC contract is a type of general contract in the construction field. Based on Point g, Clause 1, Article 3 of Decree 37/2015/ND-CP amended by Point d, Clause 2, Article 1 of Decree 50/2021/ND-CP, the EPC contract includes work from design, Procurement of materials and equipment for construction works. This contract also includes trial run, acceptance and handover to the contractor.
Clause 3, Article 1, Decree 50/2021/ND-CP stipulates the contents that need to be agreed upon before signing an EPC contract. Participating parties need to agree on:
Pursuant to Point g, Clause 1, Article 3 of Decree 37/2015/ND-CP amended and supplemented by Point d, Clause 2, Article 1 of Decree 50/2021/ND-CP, EPC contracts are given priority to apply to:
Before deciding to apply an EPC contract, the investment decision maker needs to evaluate:
A standard EPC contract needs to include the following main contents:
1. Basic information:
2. General conditions of the contract:
3. Specific conditions of the contract:
The EPC contract needs to ensure clarity, completeness and compliance with current legal regulations. Terms need to be drafted carefully to avoid future disputes. The contract template can be downloaded below.
Download: Sample contract for design, supply of technological equipment and construction
Long Phan provides professional consulting services on building EPC contracts. Our team of experts has experience in the construction and legal fields, ensuring that your EPC contract fully meets legal and technical requirements.
Our services include:
With extensive experience, Long Phan is committed to providing customers with optimal solutions, helping their projects deploy smoothly and effectively.
EPC contracts play an important role in ensuring the success of complex construction projects. To build an effective EPC contract, customers need support from experienced experts. Long Phan is ready to provide professional consulting services, helping customers optimize the process from design to construction. Please contact us immediately via hotline 0906735386 for detailed advice.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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