Engineering, procurement, and construction (EPC) Practice Exam

About Engineering, procurement, and construction (EPC)
EPC is an acronym for Engineering, Procurement and Construction in connection with projects such as tank terminals. It is a standard term that refers to a special form of project execution and contract design.

This form of contracting EPC services is one possible form of project management in plant construction. It obliges the contractor to hand over the completed construction (turnkey), such as a tank terminal, to the client. Normally, the EPC service provider is obliged to complete the construction project within a given time and budget – such agreements are also known as lump sum turnkey (LSTK) contracts. In this type of contract, the contractor is responsible for all engineering services, the procurement and production of all necessary construction materials and parts, as well as construction and commissioning.

Under EPC Contracts, the contractor holds full control of the project from design, procurement to construction (means from start to end). Hence, it is extremely important to outline all the necessary details pertaining to the project from a technical, commercial, and legal point of view.

Why is Engineering, procurement, and construction (EPC) important?
The structure of EPC Contracts allows the project owner to manage risk more effectively and allows the contractors to allocate and specialize in the work they undertake. Under common EPC Contracts, the contractor has full control of the design, procurement, and construction of the project from inception to completion.

By having the same team coordinate all the work, EPC projects become a cheaper option than the traditional option, which consists of contracting the development and execution of the renewable project separately, commissioning different agents. This is another of its most favorable advantages.

Advantages of EPC Contracts:
•    EPC contractors hold full responsibility from design to construction.
•    Project Company is free from the owing risk associated with design and construction.
•    Project Company has to deal with only one contractor who is responsible for managing other sub-contractors. This makes the project company put their focus more on evaluating performance.
•    EPC contractors have the leverage of reducing construction costs since they are in full control of managing design, selecting products and suppliers

Who should take the Engineering, procurement, and construction (EPC) Exam?
•    Legal and Project management professionals
•    Business owners
•    Entrepreneurs
•    Legal and Project managers and senior executives
•    Legal and Project management consultants
•    Professionals working in outsourced companies responsible for Engineering, procurement, and construction (EPC)
•    Any professional with skills and knowledge on Engineering, procurement, and construction (EPC)
•    Anyone interested in Engineering, procurement, and construction (EPC)

Knowledge and Skills required for the Engineering, procurement, and construction (EPC)

Candidates gain quick success if they have skills of critical thinking and good communication skills.

Engineering, procurement, and construction (EPC) Practice Exam Objectives

Engineering, procurement, and construction (EPC) exam focuses on assessing you in concepts and application of Engineering, procurement, and construction (EPC)

Engineering, procurement, and construction (EPC) Practice Exam Pre-requisite

There are no prerequisites for the Engineering, procurement, and construction (EPC) exam. Candidates who are well versed  in project and engineering management can easily clear the exam.

Engineering, procurement, and construction (EPC) Certification Course Outline
1. Engineering (Initiation, Planning, Estimating and Design
2. Procurement (Purchase, Receive, Invoice)
3. Construction (Scheduling, Project Management, Building, Closing)

Exam Format and Information
Certification name – Engineering, procurement, and construction (EPC) Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees - INR 1199