The E&P Project Contract - EPC Contract (CON07)
Description
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
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
Designed for you, if you are...
- A contract engineer, project package manager or a stakeholder involved in the relationship between the company and its contractors in the specific context of an oil & gas project
How we build your confidence
- This course will give you a strong theoretical background through a solid and meticulous documentation that you will be able to use in your working position as a reference
- The course will also make extensive use of case studies and exercises
- A Multiple Choices Questionnaire will terminate the session. After completion of the MCQ, instructor and participants will correct it together in order to confirm points not properly understood
The benefits from attending
By the end of the course you will feel confident in your understanding of:- Project contractual strategy
- How the contractual strategy influences the performance of the project
- The full Call-For-Tender process and its various forms
- The EPC contract and its main clauses in terms of performance of the contract, financial conditions, liabilities, insurances and legal clauses
Topics
EPC Contract Introduction- Definition of a contract
The Contractual Strategy
- Compliance - ethics
- Legal framework
- Local content
- Definition of project contractual strategy
Call for Tender (CFT)
- Prequalification
- Competitive CFT
- Other types of CFT
Bid Analysis and Contractor Selection
- Technical evaluation and clarifications
- Commercial evaluation and clarifications
- Bid comparison and final recommendation
Typical Contract Conditions
- General overview
- Performance of the contract
- Financial conditions
- Liabilities and insurances
- Legal clauses
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