What is EPCM?

EPCM stands for Engineering, Procurement, and Construction Management. It is a project delivery method where the EPCM contractor acts as a consultant to the project owner, managing the engineering design, procurement of equipment and materials, and construction of the project on behalf of the owner. Unlike EPC (Engineering, Procurement, and Construction), the EPCM contractor typically does not take on the full risk for the project's execution, as the owner directly contracts with construction companies. The EPCM contractor's primary responsibility is to manage the project within the owner's budget and schedule, providing expertise and oversight throughout the project lifecycle. This approach is often used in complex industrial projects in sectors like oil and gas, mining, and infrastructure.