The Contract is the essential tool defining the transfer of risks and liabilities between the operator and its contractors, and the relationship between the parties. This is particularly important in the context of a development project where the operator will delegate the Engineering, Procurement and Construction (EPC) activities to its EPC contractors.
This course defines the contractual strategy of a project and its impact on the project's completion on time and within budget. It also reviews the entire contractor selection process from pre-qualification stage to contract award.
A major section covers the typical terms of the EPC contract and details the clauses related to Performance of the Contract, Financial Conditions, Liabilities and Insurances and Legal Clauses: Suspension-Termination-Force Majeure-Applicable and Governing Laws.
Course Level: Skill / Advanced
Duration: 5 days
Instructor: Paul Adrian