Also written as EPCM
Under EPCM the owner keeps more control and more of the risk than under a contract where one party designs and builds for a fixed price. The EPCM firm is paid to manage and coordinate, so reliable reporting across engineering, procurement and many contractors is central to the job.
Related terms
Shutdown or turnaround
A planned stop of an operating plant to carry out maintenance, inspection, repairs and upgrades that can't be done while it's running.
Work breakdown structure
WBSDivides the project scope into smaller, manageable pieces, arranged as a hierarchy from the whole project down to individual work packages.