What is EPC and Turnkey Contract ?| Reinforce Institute : Difference between EPC & Turnkey Contract

Reinforce Quantity Surveyors and Training Pvt. Ltd.
In this video we are discussing about the EPC and Turnkey contract , In detail EPC stands for Engineering Procurement and Construction .
EPC : ( Engineering Procurement Construction ) - In this EPC contract , Client allows to contractor to do from beginning of work ( Design , drafting and all types drawing ) till the completion of project i.e Engineering , Procure of Resource at the site and execute and finalize the project.
The EPC contractor has all right to design the drawings , prepare the budget and schedule of works on which client and EPC contractor dully agreed to do and implement the project .
Turnkey contract is almost similar to EPC contract with significant difference :
In EPC contract, Client will fixed the cost and time depending upon the duration and cost budgeted by the final EPC contractor those selected to do the particular EPC project.
In turnkey Contract, Client will prefixed the cost and time with their own under which client ask to all the eligible contractors to follow the same while Quoting the tender.
In EPC contract, client will allow the final EPC contractor to hire the subcontractor to execute some part of their works
In Turnkey Contract , the final contractor has to complete the project with their own without any subcontractor.
In EPC contract, Contractor and client will do agreement on the sequence and stages of works and activities which are to be performed at the site where as in Turnkey contract , there is not such type of discussion or agreement between client and contractors to execute the project . Turnkey Contractor will execute and run the project with their own sequence but should be in time limit which was prefixed by the client.
Advantage of EPC and turnkey contract for clients :
1. Client has no need to concern with any PMC for drawing preparation etc.
2. Client has no worry about quality audit or checking of bill prepared by the contractor.
3. Since the time is fixed so work will be executed within time limit.
4. NO disputes between any parties .
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[@hemantkumar-sx3gr]

Pĺppplĺlllĺĺĺĺlllĺĺĺl

[@abdulhaseebrajpoot111]

Zabardast sir Video Start krna sai phla he ap ko like ha. Ya wala topic he mn dondh raha tha👍

[@ReinforceInstitute]

Thanks

[@rishijha4209]

Super look sir with super explanation. NISHANT GOSWAMI sir alwayz rock

[@ReinforceInstitute]

Thanks

[@sauravgarg31]

Sir ye wala session bilkul next level ka hai .Nishant sir🙏

[@ReinforceInstitute]

Thanks and welcome

[@pardeephsp4367]

Dear Sir , Good Evening Thanks for Sharing professional Experience with us ..

[@ReinforceInstitute]

Thanks for your feedback.

[@rishabhsurana332]

Absolutely great explanation.. being from the same industry.. I can vouch for the practical accuracy

[@satheesh7431]

Simple & clear explanation. Thank You.

[@vloghivlogbypk8201]

Being an intern this video help me alot tq so much keep bringing this kind of video in future too

[@sparetime546]

Sir your video is very informative. You have described very well EPC and turn key project. It is very useful not only for civil engineer but also for other professionals and hobby learners..

[@ReinforceInstitute]

Thanks alot.

[@jewelbuet2556]

Partially right for EPC. You were talking about Lumpsum EPC. There are cases and experiences where EPC model has been executed based on Cost Reimbursable (T&M ). It is basically depending on the conditions of the site, unknown of the sites, your risk taking behaviour, complexity of the project etc. But nice explanation. Good work

[@mohdfaisal3532]

EPC PROJECT Client always hire consultant for quality & work execution

[@kashifali-ed4pp]

bundle of thanks Dear Sir Thanks for Sharing professional Experience with us .

[@adityapatra6834]

Clear concept with examples. Thank you Sir🙏

[@ReinforceInstitute]

You're most welcome

[@abrowaqas123]

Excellent explanation! appreciated!

[@anupsaklani3056]

Great explained. Thanks a lot.

[@sushilagrahari1234]

Best Topic and Best Explaination sir

[@ReinforceInstitute]

Thanks

[@priyabhurkunde9430]

thank you for clearing all my doubts

[@avneeshsaini2799]

So Informative
Well Explained
Thank you sir for sharing

[@ReinforceInstitute]

Thanks and welcome

[@amolbhende1007]

Epc प्रोजेक्ट मे clint contractor ko pement kaise karta hai pement procces unka kya hai,aur after completion of project mantenence roll kya hai ye dono chijo pe yek video daliye sir,aapke video's bohot hi clear hai bohot आसनिसे,sare detail's aap samzate ho. thanks again

[@pankajrawat1685]

Sir, Very nice explanation.. .

[@ramashishyadav4509]

Excellent explanation

[@navnathgaikwad1425]

very nice video...sir

[@RaviPCECV]

Super sir...be Continue

[@prasantsuryawanshi9052]

thank you very much

[@ermdsaif1992]

Good sir keep it up share this things

[@ReinforceInstitute]

Keep watching
thanks

[@kamaleshkumar6193]

Thanks for information.

[@bishnulama247]

Great job sir I m big fan of you

[@kishorkumar704]

Excellent sir

[@aarurhymes7325]

Vary Vary informative ❤❤

[@ReinforceInstitute]

Thank you for your feedback!

[@kavadyogesh1488]

Superb sir❤

[@omegasaiyan8789]

Thank u very much sir

[@ReinforceInstitute]

Most welcome

[@chandansinghgusain6304]

Very good knowledge.

[@nishantmoyal5040]

Thank u

[@CivilEngineerShubhamGupta]

Great information 🙂

[@surendersingh-yk5zo]

Very nice explain sir 🙏🙏🙏🌹🌹🌹🌹🌹💞💞💞💞💞💞

[@ummedsinghkundel1393]

Thanks

[@edukidfactory4492]

There is checking from the Consultant / Authority's Engineer of the executed works which is mentioned in the EPC Contract Agreement.

[@surajpisal4925]

Does clients engineer responsible for any defect??

[@priyankatrivedi1820]

Well explained 👍👍

[@ReinforceInstitute]

Thanks

[@prabhatsingh5377]

Excellent

[@dayachand1408]

Excellent bihari sir

[@SaddamHussain-ce5ql]

Sir highway ke bill ke bare me btaye like rate analysis and ukse important point ke bare me btaye

[@HussainHussain-il9uz]

👍👍👍👍👍

[@ermdsaif1992]

I dnt have this knwledge thanks for sharing

[@ReinforceInstitute]

It's our pleasure

[@udaydas8381]

Excellent lecture.. I have been waiting for Turnkey project class since long time.
Could you provide what procedure I have to take before teder publishing on Turnkey project? Thanks a lot.

[@ReinforceInstitute]

Thanks

[@rohitmanmar7351]

Contractor can quote any rate for items?

[@krv6705]

In EPC Turnkey project if the project completed in 90 crore instead of 100 crore project. is the employer allow the contractor to take ten crore?.
In case the the project cost increase to 110 crore who will bare the this extra cost contractor? or employer?

[@dhirajyadav7010]

Supp sir supp...

[@edukidfactory4492]

Also, time / project duration in EPC contract is specified by the Client in the Contract Agreement.

[@nitusoni289]

To government engineers jo JE AE EE bante hai unlog kya karte hai ...

[@safdarsafi5130]

Bro... While execution of EPC work, client do hire a PMC or AE to supervise EPC contractor and its work... Iske bhi involvement ko explain krna tha na.

[@Abhishekkumar-kk5px]

Easme bill ka kya process hota hai... Kaise.. Payment hota hai

[@jigardhorajiya6379]

Sir Pls make a lecture video on star rate and price escalation

[@ReinforceInstitute]

Soon

[@bhaskarkapoor6884]

Sir how to fill epc tender

[@subhamsaurabh9150]

Contractor jo design or drawing banayega uske material ka technical specifications kaun tay karega

[@ReinforceInstitute]

all from contractor but it must be verified and approved by client

[@abdulhaseebrajpoot111]

Sir mn Aik construction Company (Contractor k sath) mn kaam krta hain mn Abi fresh he hain(6 Months ka Experience ha). Sir hamara pass aik NIT aye hoe ha. Us mn Turkey Contract aya hoa ha.Aik Hospital ha es ka Kaam krra ha. Fre-Fabricated Construction krne ha.Sir C2 KA Kaam ha takreban (500 Million) sai upper ka ha.
Sir es mn Pre-Qualification rakhe hoe ha Turnkey contract k sath (Contract k laya).
Sir es mn pata krna ha k Hum (Contractor) Drawing bad mn banai ja jb pre-Qualified ho jaya ja? ya drawing be sath mn jamma krnwain jain Pre-Qualification k Sath?

[@ReinforceInstitute]

thanks for Queries.
Actually drawing also we need to submit along with prequalification documents. Drawing are also important parameters on which client will decide their final contractor, yes drawing can be revised several times by selected final qualified turnkey contractor after getting project.
Best Wishes
Regards

[@abdulhaseebrajpoot111]

@@ReinforceInstitute Thanks for Reply.
Sir aj bidding document laya hain hum (Contractor) na Hospital k kam k, us mn clearly lekha hoa ha k Drawing financial bid k sath Submitt krana ho je Contractor ko.

[@MehekKhandokar-nc9ct]

Amount and time fixed by Client on EPC nd turnkey contract tendering process

[@ReinforceInstitute]

Yes

[@ashishpattanaik377]

Turnkey mein v party hire hote hein

[@fawazduniya]

Bhai sab sahi hai par EPC mein bhi PMC hoti hai.

[@musicmasala33]

Epc is very difficult work as compared normal contractor

[@ashishpattanaik377]

Clients turn key mein v tang adate hein...Daily .

[@Constructions.Designs]

Disadvantages bhi bol dete..

[@Beamsraek]

aga bu ingilizce mii, yoksa hintçe mi, ne diyor anlamıyorum..

[@mzorkea]

LNT means?

[@abhishekkatre1668]

It's a company name- Larsen&Turbo Company

[@freestatuslovers5942]

Please added iOS app platforms

[@ReinforceInstitute]

Already in process fro approval from IOS. sir..
Meanwhile IOS users are purchasing through app.reinfprceqst.com
You are welcome sir.
Regards

[@jeevandhakal8966]

Bhai, Civil Engineer ko chhodke aur engineer bhi EPC istamal karte he, tum bhai bas civil engineer pe lage huwe ho :D

[@rajukashyap2663]

13 mnt ke video ko 26 mnt khicha hai ek hath chiz ko bar bar bolkar

[@ReinforceInstitute]

Thanks for you comment.
Hope you better understand the concept.
Best wishes 🙂
Regards

[@rahulpaul5978]

Jimmeyvuari and too much hand shake!

[@zauq-e-saleem188]

Thanks