Engineering, Procurement, and Construction (EPC) is a particular form of contracting arrangement used in several industries where the EPC Contractor is responsible for all the activities from design, procurement, construction, to commissioning and handover of the project to the end-user or the respective owner. An EPC is a PPP model for the development of infrastructure models like highways. An EPC Asset Management lets the EPC companies maintain the records of inventory. In the attached Asset Management EPC diagram, we see how a new fixed assets card is initiated after asset classification and change is usage and depreciation. Following the initiation request, the request to audit and the approved audit information is forwarded to the respective asset manager. An Asset Management EPC diagram shows the accounting and processing request in order to generate respective voucher details as well.
