EPC Contracts: Make good / Repair / Replace

Description

This Skill Bit shows, that in EPC contracts, contractors are obligated to “make good,” “repair,” and “replace” any defects or non-conformities in the works. “Make good” involves rectifying deficiencies to meet standards. “Repair” entails fixing damage during the warranty period, while “replace” involves providing new components if originals are defective. These obligations, detailed in the contract, specify time frames, procedures, and costs for remediation.

Duration approx. 2 Min.

Tier: advanced