An EPCF contract, also known as Engineering, Procurement, Construction, and Financing contract, is a type of agreement used primarily in large-scale infrastructure projects.

This type of contract encompasses several key elements:

1. Engineering: This involves the design, planning, and engineering work required for the project. It includes activities such as feasibility studies, detailed engineering design, and drafting of technical specifications.
2. Procurement: This aspect entails the sourcing, purchasing, and delivery of all necessary materials, equipment, and components required for the project. The contractor is responsible for procuring these items according to the project specifications and timeline.
3. Construction: This involves the actual physical construction or implementation of the project based on the engineering design and procurement plan. The contractor oversees the construction process, manages subcontractors (if applicable), and ensures that the project is completed according to the agreed-upon schedule and quality standards.
4. Financing: Unlike traditional EPC (Engineering, Procurement, and Construction) contracts where the project owner provides the funding, an EPCF contract includes financing arrangements as part of the agreement. The contractor or a consortium of companies may secure financing for the project, either through loans, bonds, or other financial instruments. This financing is used to cover the costs associated with engineering, procurement, and construction activities.