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With reference to the Engineering, Procurement and Construction (EPC), consider the following statements:
1. It is a type of Public funding Model.
2. In this type of model, full freedom to plan, design and construction is given to the private contractor and core requirements are specified in schedules.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the Engineering, Procurement and Construction (EPC),...
Engineering, Procurement and Construction (EPC) Model
Engineering, Procurement, and Construction (EPC) is a common type of contracting arrangement within the construction industry. Let's analyze the statements given in the question:
Statement 1: It is a type of Public funding Model.
- This statement is incorrect. The EPC model is not specific to public funding; it is a widely used model in various industries including infrastructure, energy, and manufacturing, both in the public and private sectors.
Statement 2: In this type of model, full freedom to plan, design, and construction is given to the private contractor and core requirements are specified in schedules.
- This statement is correct. In the EPC model, the entire project is undertaken by a single contractor who takes full responsibility for the design, procurement of materials, and construction. The client only needs to specify the project requirements, and the contractor has the freedom to plan and execute the project within those parameters.
Therefore, the correct answer is option 'C' - Both 1 and 2. The EPC model provides an efficient and streamlined approach to project delivery by assigning the responsibility for the entire project to a single entity, ensuring better coordination and accountability throughout the project lifecycle.
Engineering, Procurement, and Construction (EPC) is a common type of contracting arrangement within the construction industry. Let's analyze the statements given in the question:
Statement 1: It is a type of Public funding Model.
- This statement is incorrect. The EPC model is not specific to public funding; it is a widely used model in various industries including infrastructure, energy, and manufacturing, both in the public and private sectors.
Statement 2: In this type of model, full freedom to plan, design, and construction is given to the private contractor and core requirements are specified in schedules.
- This statement is correct. In the EPC model, the entire project is undertaken by a single contractor who takes full responsibility for the design, procurement of materials, and construction. The client only needs to specify the project requirements, and the contractor has the freedom to plan and execute the project within those parameters.
Therefore, the correct answer is option 'C' - Both 1 and 2. The EPC model provides an efficient and streamlined approach to project delivery by assigning the responsibility for the entire project to a single entity, ensuring better coordination and accountability throughout the project lifecycle.
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With reference to the Engineering, Procurement and Construction (EPC),...
The proposed elevated stretch will be developed in four sections and will start inside the Chennai Port and end after the Maduravoyal interchange.
- According to the Union Minister for Road Transport and Highways, the project developed at an estimated cost of ₹5,800 crore will be completed by December 2024.
- It will serve as a dedicated freight corridor for Chennai bound port traffic and increase the handling capacity of Chennai Port by 48% and subsequently reduce the waiting time at the port by six hours.
- The project nearly doubles Chennai port’s container handling capacity to 2.64 million TEUs.
- In July, 2022, tenders were called for the construction of a double tier four-lane elevated corridor on Engineering Procurement Construction (EPC) mode under the Bharatmala Pariyojana.
Engineering, Procurement and Construction (EPC):
- It is a type of Public funding Model.
- In such types of models, full freedom to plan, design and construction is given to the private contractor and core requirements are specified in schedules.
- Payments by the Government are linked to specified stages of construction.
- The Contract Price is subject to adjustment on account of variation in the cost and change in scope ordered by employer.
Hence both statements are correct.
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With reference to the Engineering, Procurement and Construction (EPC), consider the following statements:1. It is a type of Public funding Model.2. In this type of model, full freedom to plan, design and construction is given to the private contractor and core requirements are specified in schedules.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Engineering, Procurement and Construction (EPC), consider the following statements:1. It is a type of Public funding Model.2. In this type of model, full freedom to plan, design and construction is given to the private contractor and core requirements are specified in schedules.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Engineering, Procurement and Construction (EPC), consider the following statements:1. It is a type of Public funding Model.2. In this type of model, full freedom to plan, design and construction is given to the private contractor and core requirements are specified in schedules.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Engineering, Procurement and Construction (EPC), consider the following statements:1. It is a type of Public funding Model.2. In this type of model, full freedom to plan, design and construction is given to the private contractor and core requirements are specified in schedules.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
With reference to the Engineering, Procurement and Construction (EPC), consider the following statements:1. It is a type of Public funding Model.2. In this type of model, full freedom to plan, design and construction is given to the private contractor and core requirements are specified in schedules.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Engineering, Procurement and Construction (EPC), consider the following statements:1. It is a type of Public funding Model.2. In this type of model, full freedom to plan, design and construction is given to the private contractor and core requirements are specified in schedules.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Engineering, Procurement and Construction (EPC), consider the following statements:1. It is a type of Public funding Model.2. In this type of model, full freedom to plan, design and construction is given to the private contractor and core requirements are specified in schedules.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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