Energy EPC Contracts

This three day course is designed to introduce both lawyers and non-lawyers alike to the understanding of how to arrange and manage EPC contracts and how to avoid and manage disputes. The emphasis will be on providing a practical understanding of the contracting process including contract selection, tendering, negotiation, contract preparation, contract management together with a section on the effective management and resolution of disputes. Topics covered will include standard forms of contract, negotiation, contract management and dispute resolution. This course is aimed at those interested in acquiring a detailed understanding of how to negotiate EPC contracts, what the clauses are for and how you can best use them together with the knowledge of the legal environment which facilitates such a process. The course is delivered by combining a substantive legal understanding together with a practitioner’s perspective. The course is delivered using power point presentations, case studies and exercises and is an interactive mix of theory and practical from a practitioner’s perspective. The case study each day covers preparation of the EPC enquiry document, negotiation and arbitration.
Day 1 Module 1 08.45-09.15: Welcome and opening remarks 09.30-11.30: What is an Engineer, Procurement and Construct (EPC) contract, what are the differences between and EPC and other forms of contract An EPC contract is a commercial arrangement whereby the client endeavours to minimise its project risk by passing the risk to the contractor for the design, procurement of the necessary materials and construction of the plant. Explanation of the differences between EPC and other forms of contract. Why choose EPC 11.30-11.45: Refreshment break 11.45-13.30: Preparation of the EPC enquiry document Choice of the terms and conditions to use Drafting the technical scope of work and specifications Pricing structures Payment terms 13.30-14.30:Lunch 14.30-17.00: Preparation of the EPC enquiry document continued Bonds Guarantees Liquidated damages Programmes (time schedules) Warranties 14.30-17.00: Effective tendering for EPC contracts How to choose the contractors to be invited to tender Effective management of the tender process Tender evaluation Final contract preparation Day 2 09.00-10.30:Effective tendering for EPC contracts How to choose the contractors to be invited to tender Effective management of the tender process Tender evaluation Final contract preparation 10.30-10.45: Refreshment break 10.45-13.00: Effective contract management Understanding the rights, roles, responsibilities and obligations of the parties Ensuring the parties fulfil their obligations Record keeping and document control Management of change Programme management Claims management Time bar and limitation 13.00-14.00: Refreshment break 14.00-17.00: Detailed review of EPC terms and conditions Day 3 09.00-10.30: Detailed review of EPC terms and conditions (continued) 10.30-10.45: Refreshment break 10.45- 13.00: Detailed Review of EPC terms and conditions (continued) 13.00-14.00: Refreshment Break 14.00- 16.00: Negotiation art or science? Principles of negotiation What to do and what not to do Management of the negotiation process Practical negotiation skills 16.00-16.15: Refreshment break 16.15-17.00: Questions and answers Course summary and close Book this course along with Oil & Gas International Arbitration - the Theory & Practice, 14-15 Nov in Dubai and benefit from a 10% discount. Enquire today: energy@euromoneytraining.com