Which of the Following Best Explains 'Contract for Design-Procure-Construct (EPC)

question 28

Multiple Choice

Which of the following best explains 'contract for design-procure-construct (EPC) '? 

• A) Contractor designs and provides in accordance with the client's requirements, plant and/or other works. 
• B) Contractor constructs the project in accordance with the design provided by the client. 
• C) Contractor delivers project or work turnkey. 
• D) Contractor completes work at own risk and gets paid long-term payments after delivery.

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Definitions:

Exchanging Gifts

The act of giving and receiving presents, often as a means of expressing goodwill, celebrating holidays, or solidifying social bonds.

Successful Colonization

The establishment of control by one country over a foreign territory, leading to significant settlement and economic exploitation, often considered successful from the colonizer's perspective.

Americas

The collective name for the North and South American continents, encompassing a wide range of cultures, languages, and nations.

Columbus' Voyages

The series of expeditions led by Christopher Columbus across the Atlantic Ocean, aiming to find a westward sea passage to Asia. The first voyage in 1492 inadvertently discovered the Americas.