EPC (Engineering, Procurement, and Construction) contracts are the most favored contract type in the private sector when it comes to undertaking complex infrastructure projects. An EPC contractor provides end-to-end consultancy and construction services.
EPC contracts are also known as Turnkey Contracts as the project owners just have to turn the key once they float an EPC tender. Thereafter, it is the responsibility of the contractor to complete the project as per the agreed terms and conditions.
Advantages of EPC contracts
Here are some advantages of an EPC contract.
- A single point of contact & responsibility
- Fixed contract price & completion date
- Performance guarantee
- Project security
- Caps on liability
15 Largest EPC firms in the world (By Revenue)
This list is a comprehensive analysis of the largest EPC companies in the world. It provides detailed information on the top EPC contractor in the world by revenue and their financial performance, along with their services, operations, and key projects.
CHINA STATE CONSTRUCTION ENGINEERING CORP LTD
Key Information
|
Incorporated |
2007 |
|
Headquarters |
Zhongjian Fortune Intl Center Bldg 3 Yard 5 An'ding Road Beijing, 100029, China |
|
No of employees |
368327 |
|
Revenue |
USD 293.2 Billion |
|
Market cap |
USD 27.41 Billion |
CHINA STATE CONSTRUCTION ENGINEERING CORP LTD (CSCECL) is the listed public company of China State Construction Engineering Corporation - the biggest construction company in the world by revenue. CSCECL is also among the world's top 10 largest General Contractor firms. Headquartered in Beijing, China, the company operates in Asia-Pacific, Europe, Africa, the Middle East, and North America.
The company’s main services include
- Engineering
- Building construction & contracting
- Urban development
- Real estate investment and development
- Infrastructure construction and investment
- Project management
- Design and survey; Equipment manufacturing & leasing
- Construction financing services
The EPC company has built more than 90% of the skyscrapers above 300 meters in China. Moreover, the company is credited with having built three-quarters of the airports, half of the Nuclear power plants, three-quarters of the satellite launch bases, and one-third of the urban utility tunnel infrastructure in China.
Key Projects
- Daxing International Airport, Beijing
- Federation Tower, Tower A (Ostturm), Moscow
- Shanghai World Financial Center, Shanghai
- One Thousand Museum, Miami, United States
- New Hindiya Dam, Iraq
CHINA RAILWAY GROUP LTD
Key Information
|
Incorporated |
2007 |
|
Headquarters |
Block A, China Railway Square No.69, Fuxing Road Haidian District Beijing 100039, China |
|
No of employees |
282,256 |
|
Revenue |
USD 150.8 Billion |
|
Market cap |
USD 18.06 Billion |
China Railway Group Limited (“CREC” for short) is a giant construction and engineering conglomerate in China. The company is primarily engaged in engineering survey, design and construction, real estate development, industrial equipment manufacturing, resources and mining development, and financial investment, among other fields.
As one of the world’s largest EPC contractors, CREC has made it to the Fortune Global 500 companies list for 17 consecutive years, including 2022.
CREC has built over two-thirds of all railways in China, including 9 out of 10 electric railways projects. Moreover, it has constructed one-eighth of all expressway projects and around 60% of urban rail transit projects in China. It is also closely associated with the Belt and Road Initiative (BRI) projects across China and its neighboring East and South-East Asia countries.
The company’s main services include
- Railways & Highways
- Municipal facilities
- Housing and buildings
- Urban rail transits
- Water conservancies
- Hydropower stations
- Airports, Harbors & Docks
Key Projects
- Chengdu-Chongqing Expressway
- Chengdu Metro Line 3 Project
- Hanoi Metro Line 2A, Vietnam
- Jakarta-Bandung High-speed Railway, Indonesia
- Tel Aviv Light Rail (Western Segment) in Israel
CHINA RAILWAY CONSTRUCTION CORP LTD
Key Information
|
Incorporated |
1948 |
|
Headquarters |
East Yard No. 40, Fuxing Road, Haidian District BEIJING, 100855, China |
|
No of employees |
261333 |
|
Revenue |
USD 148.3 Billion |
|
Market cap |
USD 12.53 Billion |
China Railway Construction Corporation Limited provides transportation infrastructure construction services. The Company constructs railways, highways, urban tracks, and other infrastructure projects. China Railway Construction also provides real estate development and materials trading services.
The Company is also engaged in industrial manufacturing, real estate development, logistics, and materials trading businesses, as well as the provision of survey, design, and consulting services. The Company mainly operates its businesses in domestic and overseas markets.
Key Projects
- Beijing–Shanghai High-Speed Railway
- Troitskaya line, Moscow Metro
- Algeria East–West Highway
- Ankara-Istanbul high-speed railway
- Lusail Stadium, Qatar (FIFA world cup, 2022 final to be played in this stadium)
CHINA COMMUNICATIONS CONSTRUCTION GROUP LTD
Key Information
|
Incorporated |
2005 |
|
Headquarters |
No.85 Deshengmenwai Street, Xicheng District, Beijing, 100088, China |
|
No of employees |
118,000 |
|
Revenue |
USD 98.1 Billion |
|
Market cap |
USD 13.58 Billion |
China Communications Construction Company, Ltd. (CCCC) is a Chinese multinational engineering and construction company, engaged in the design, construction and operation of heavy infrastructure assets.
The company’s main services include
- Civil infrastructure projects (Highways, subways, high-speed railways, bridges, tunnels, airports)
- Oil platforms
- Marine ports
CCCC has been a contractor for numerous Belt and Road Initiative projects in China and other South East Asia countries.
Being one of the largest port design and construction companies in the world, it has 7 of the top 10 ports in the world in its portfolio. It operates through more than 60 subsidiaries.
Key Projects
- Shanghai Yangshan Port
- Ashdod Port Project in Israel
- Beijing-Xiong'an Intercity Railway
- Malaysia's East Coast Rail Link
- Macau International Airport
- Shanghai Pudong International Airport
POWER CONSTRUCTION CORP OF CHINA
Key Information
|
Incorporated |
2009 |
|
Headquarters |
22 Chegongzhuang West Road, Haidian District, Beijing 100048, China |
|
No of employees |
132,583 |
|
Revenue |
USD 64.2 Billion |
|
Market cap |
USD 14.55 Billion |
Power Construction Corporation of China, branded as Power China, is a wholly State-owned company consisting of 779 subsidiary companies. It is a part of the heavy and civil engineering construction industry in China that also undertakes numerous power projects outside China, especially the BRI countries through its overseas brands such as SEPCO, Hydro China, and Sinohydro.
The company’s main services include
- Power generation
- Power transmission
- Renewable energy
- Heavy engineering
- Civil engineering
Key Projects
- Nam Ou river cascade dams, Laos
- Dau Tieng Solar Power Project, Vietnam
- Melaka Gateway, Malaysia
- Lamu Coal Power Station, Kenya
- Ayago Hydroelectric Power Station, Uganda
- Merowe Dam, Sudan
CHINA METALLURGICAL GROUP CORP
Key Information
|
Incorporated |
1982 |
|
Headquarters |
No.28 Shuguangxili, Chaoyang, Beijing China |
|
No of employees |
282,256 |
|
Revenue |
USD 74.57 Billion |
|
Market cap |
USD 7.89 Billion |
China Metallurgical Group Corporation (MCC) is a Chinese state-owned EPC company. Apart from construction, the company is involved in natural resources exploitation, papermaking, equipment fabrication, real estate development, and infrastructure projects.
The company’s main services include
- Metallurgical construction
- Housing construction
- Municipal utility construction
- Electrical and mechanical installation & works
- Mechanical engineering
- Electronics & power supply
- Petroleum & Chemicals
- Geotechnical engineering
MCC is one of China's leading equipment manufacturers and the only state-owned corporation authorized to operate pulp and paper mills in China and abroad.
Key Projects
- Jinchuan Nickel Mine
- WISCO Jinshandian Iron Mine Project
- Weinan Jinduicheng Molybdenum Minerals Project
- Dexing Copper Mine Project
- Benxi Iron & Steel Nanfen Open Iron Mine Project
VINCI SA
Key Information
|
Incorporated |
1899 |
|
Headquarters |
1973 bd de la Défense CS 10268 92757 Nanterre Cedex - France |
|
No of employees |
217,731 |
|
Revenue |
USD 54.35 Billion |
|
Market cap |
USD 46.61 Billion |
VINCI SA is a French construction and contracting company founded in 1899. The company designs, builds, finances, and manages facilities for transport systems, private buildings, and civil infrastructures like water, energy, and communication networks. The company operates through the following business segments: Concessions and Contracting.
The Concessions segment develops and operates motorways, transport infrastructures, and public facility concessions. The Contracting segment includes electrical and engineering, information and communication technology, heating, ventilation, air conditioning, insulation, building and maintenance of roads and motorways, production of road-building materials, urban infrastructure, environmental work, and demolition and recycling.
Key Projects
- Atlantic Bridge, Panama
- Gariep Dam, South Africa
- Grand Paris Express
- Cebu bridge, Philippines
- The Femern Tunnel
SHANGHAI CONSTRUCTION GROUP CO LTD
Key Information
|
Incorporated |
1994 |
|
Headquarters |
No.666, Daming Road (E), Shanghai, 200080, China |
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