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EPC sector in India continiously growing

In India, the construction industry has evolved from item rate packages to lump sum contracts and then to EPC contracts over the years. It has resulted in a visible shift from owner-managed projects to projects where the risk of time and cost overruns has been transferred to the contractor, along with the responsibility of designing, procurement of material and construction. This form of contract even protects the owner/developer from currency and interest rate fluctuations. Initially there were only few…

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