Understanding, Drafting, Negotiating & Execution of EPC Contracts

EPC contracts are the new mantra for the turn key projects that are expected to bring projects to fruition at a fixed cost in a timely manner. Many complexities exists that influences the outcome of an EPC contract. This training brings forth successful practices that ensures all stakeholders understand what is involved in drafting, negotiating and executing of EPC contracts.

Benefits: 

  • Successfully procure: How to successfully procure services/materials for projects using turn-key methods.
  • Develop appropriate T&Cs for the project: Drafting of key T&Cs to ensure the best value for money & minimization of risks.
  • Substantial bottom line contribution: Bring projects to fruition on time and budget.
  • Provide confidence to the lenders: Provide confidence to lenders on their future investment decisions.
  • Avoid litigation from contract non-compliance: A major cost is compliance issues. If contractual obligations are incomplete, the potential for litigation is high; one of the costliest errors.
  • Save money & get a better contract: Negotiate practically & successfully.
  • Successful Project Completion: How to successfully complete projects for procurement services.
  • Ensure Contract Value leakages are avoided: Gain value from the contract practices.
  • Substantial bottom line contribution: Bring projects to fruition on time and budget.
  • Provide confidence to the lenders: Provide confidence to lenders on their future investment decisions.
  • Avoid litigation from contract non-compliance: A major cost is compliance issues. If contractual obligations are incomplete, the potential for litigation is high; one of the costliest errors.

Modules:

Pre Contract Award Phase:

  • Planning
  • Preparing & issue of tender call
  • Evaluation of tenders
  • Negotiate & award of contract

 

Post contract Award Phase:

  • Review of the contract, including all terms and conditions

  • CA planning

  • Performance of contracts

  • Risk management

  • Assessment of contracts

  • Relationship management with contractor

  • Quality assurance

  • Dispute handling

  • Payment management

  • Contract closeout