Engineering Procurement Construction (EPC) and Engineering-Oriented Development (EOD) are two different project management models that differ in the focus and objectives of project implementation. Here are the differences between them:
1.Project Objectives.
The main goal of the EPC model is to complete the design, procurement and construction of the project to ensure that the project is delivered on time, quality and quantity.
The EOD model is more focused on engineering-oriented development, emphasizing the promotion of regional or industrial development through project implementation.
2.Project scope.
The EPC general contracting model is usually applied to engineering projects in the fields of construction and infrastructure, covering the whole process from design to construction.
The EOD model is more widely used in urban planning, industrial parks, and other fields, focusing not only on engineering construction, but also on operation and maintenance in the later stage of the project.
3.Limitation of Liability.
In the EPC model, the general contractor is primarily responsible for the design, procurement, and construction of the project, and the owner only needs to accept the final product.
Under the EOD model, project participants need to consider the environmental, social and economic impacts of the project more broadly, and assume more social responsibility.
4.Risk sharing.
In the EPC general contracting model, most of the risks are borne by the general contractor, and the owner mainly bears the risks such as force majeure.
The EOD model encourages all parties to share risk and reduce it through cooperation and consultation.
5.Partnership.
In the EPC general contracting model, the relationship between the owner and the general contractor is that of entrusting and being entrusted.
The EOD model emphasizes partnerships between all parties to drive the successful implementation and sustainability of the project.
In conclusion, there are differences between the EPC model and the EOD model in terms of project objectives, scope, responsibilities, risks, and partnerships. Which model to choose depends on the specific needs and objectives of the project, as well as the capabilities and willingness of the parties involved. Understanding these differences can help you make more informed decisions during project planning and implementation.