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Under an EPCI contract, the contractor will design the structure(s), procure the necessary materials, undertake construction and transportation and set it up at the offshore site. The contractor does this either through own labor or by subcontracting part of the work. The contractor carries the
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In EPCI contracts, the contractor rarely carries the project risk unconditionally. Rather, contractor and customer have detailed discussions on the division of the risk. Risk of delays and cost overruns due to lacking
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is an example of a typical risk that may be borne by the customer rather than the contractor.
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project risk for schedule as well as budget in return for a fixed price, called
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191:"Worlds Apart: EPC and EPCM Contracts:Risk issues and allocation"
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Engineering, Procurement, Installation & Commissioning
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152:depending on the agreed scope of work.
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