【First-Class Constructor Project Management Practice Questions】011 FIDIC Contract Total Price Method
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In FIDIC contract series, the contract pricing for the “EPC Turnkey Project Conditions” adopts ( ). A. Fixed unit price B. Variable unit price C. Fixed total price D. Variable total price
【Standard Answer】C 【Expert Explanation】The ‘EPC Turnkey Project Conditions’ apply to the design and construction of engineering projects on a turnkey basis; the contractor is responsible for all tasks related to design, procurement, and construction, and upon completion of the project, a fully equipped facility ready for operation must be delivered. The contract pricing is based on a fixed total price