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Participation reward: 2 Wealth. Correct reward: 9 wealth. In a certain year, a petroleum refining project capable of producing 500,000 tons of ethylene per year selected Company A as the general contractor through an open bidding process to handle the tasks related to design, procurement, and construction for this project. The project management model used in this project is commonly referred to internationally as ( ). A.D+B contracting model B.D—B—B contracting model C.EPC contracting model D.BOT contracting model Reference: C
In a certain year, an oil refining project with an annual production capacity of 500,000 tons of ethylene selected Company A as the general contractor through an open bidding process to handle the tasks of design, procurement, and construction for this project. The project management model used in this project is commonly referred to internationally as ( C ). A.D+B contracting model B.D—B—B contracting model C.EPC contracting model D.BOT contracting model
The C.EPC contracting model: As can be seen from the background of this project, it adopts a turnkey project management approach that includes design, procurement, and construction; this model is also known internationally as the EPC contracting model. The D+B contracting model refers to the turnkey contracting model for design and construction projects. The D-B-B contracting model denotes the traditional contracting approach in which the three phases of design, bidding, and construction are separated from one another. Meanwhile, the BOT contracting model refers to the contracting model of construction, operation, and handover; it is also a method of project financing. According to the question, the correct answer is **C.