Analysis on Engineering Risk Management of International EPC Project

Abstract

At present, China attaches great importance to international engineering, among which EPC general contracting mode is one of the most commonly used modes in international engineering projects. Improve the risk management ability of international EPC project is the key factor to evaluate the perfoemance of international EPC project. In order to improve the research level of international EPC project risk management and the collaboration between different countries, this paper analyzes and collates the literatures on CNKI database, Web of Science database and SCI database. Based on the development of EPC in China, this paper finds out the characteristics of EPC international engineering risk management, and divides the risks of inernational EPC construction projects into four aspects: engineering risk, procurement risk, construction risk and other risks. Finally, solutions are provided for these four risks. Furthermore, this paper provides a theoretical basis for the future development of international EPC projects in China.