EPC vs EPCM Company/Projects | What are the difference between the EPC and EPCM Projects

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Core Engineering

Core Engineering

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Hello Engineers! In this video we are going to discuss about the What are the difference between the EPC and EPCM Projects.
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Timestamps:
(00:00) : Video starts
(00:12) : What is the full form of EPC?
(00:21) : What is the full form of EPCM?
(00:29) : EPC Companies names
(00:40) : EPCM Companies names
(01:09) : What are the working of EPC and EPCM Companies/Projects?
(03:01) : What are the role and responsibilities of engineering contractor in EPC projects?
(03:12) : What are the role and responsibilities of engineering contractor in EPCM projects?
(04:46) : Risk and Profit in EPC projects
(05:02) : Risk and Profit in EPCM Projects
(05:55) : Why engineering contractor has more control in EPC projects?
(06:00) : Why Client has more control in EPCM projects?
(06:41) : Why changes may lead to more cost escalation in EPC projects?
(06:47) : How EPCM Projects are cost savings?
(08:10) : Working of EPC Companies/projects
(08:20) : Working of EPCM Companies/projects
(09:06) : Why there is less flexibility in accomodating client changes in EPC project?
(09:12) : Why there is more flexibility in accomodating client changes in EPCM project?
(10:50) : Thanks for watching
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