CONTRACTING FOR EPC PROJECTS AND SERVICES IN THE ENERGY INDUSTRY
EPC Contracts have become a popular delivery method for a number of complex energy projects. The increasing popularity of EPC Contracts is derived from the increased shared responsibilities that they place on both the employer and contractor, and hence make them more attractive in an industry that seeks to more effectively share the risks and rewards of the venture. As a commercial professional, one needs to understand the structure, formation, risk allocation, key clauses of these contracts and the related implementation modalities to be able to support the negotiation, drafting and implementation phases of an EPC contract and ensure timely and successfully delivery organization of the Project. Both parties to any EPC contract in the Energy sector would argue that they want a good deal. But what is a good EPC contract? Does a good EPC contract guarantee a good Project outcome? This hands-on session will explore what is needed for a viable EPC contract relationship in the Energy sector, as well as the key components to an EPC contract. Get exposed to some of the important dos and don’ts in EPC contracting. Explore proven and innovative contracting strategies as drawn from the Energy Sector and similar Sectors. Learn the value of having a contract that can be managed, and ensure your contracts reflect what you have negotiated as your desired outcome. The program is recommended for practitioners in both Public and Private Institutions since EPC Contract negotiation, drafting and implementation brings together a host of professionals.
PROGRAM CONTENT
•Understanding an EPC Contract
•When is an EPC Contract the recommended choice
•Packaging an EPC Contract – for Public and Private Projects
•Procedures leading to the procurement of an EPC Contractor – (Bidding document preparation, EPC Contractor Prequalification; Request for Proposal, Evaluation methodologies, etc.)
•Risk – Identification, Allocation and Management in an EPC Contract
•Negotiating EPC Contracts
•Establishing a Cross-Functional Team and Communication Techniques
•Managing performance in an EPC Contract – performance clauses and related penalties
•Financing Options for EPC Contracts
•EPC Contract implementation and relationship management
•Practical exercise sessions – negotiation and drafting specific EPC contract clauses
•Audit of EPC Contracts – roles and responsibilities of the EPC Contract Parties |