Course Overview
This course provides a comprehensive understanding of Engineering, Procurement, and Construction (EPC) contracts specifically tailored for power and energy projects. It covers the contractual framework, risk allocation, procurement strategies, project execution, and dispute resolution methods to ensure successful project delivery within the complex power and energy sector.
Course Objectives
By the end of this course, participants will be able to:
- Understand the structure and key components of EPC contracts in power and energy projects.
- Analyze risk allocation and management within EPC contracts.
- Develop procurement strategies aligned with project objectives and contract terms.
- Navigate project execution challenges including scheduling, quality control, and cost management.
- Recognize common contractual disputes and effective resolution techniques.
- Apply best practices in contract administration and governance for EPC projects.
Who Should Attend
This course is designed for:
- Project managers and engineers in power and energy sectors
- Contract managers and procurement professionals
- Legal advisors and contract administrators
- Construction managers and site supervisors
- EPC contractors and subcontractors
- Risk management and compliance officers
Course Outline
Overview of EPC Contracts
- Definition and characteristics of EPC contracts
- Types of EPC contracts (Lump Sum Turnkey, Cost Plus, etc.)
- Typical contract structure and key clauses
Contract Formation and Scope Definition
- Scope of work and technical specifications
- Roles and responsibilities of parties
- Deliverables, milestones, and timelines
Risk Allocation and Management
- Identification and allocation of project risks
- Liability, indemnity, and warranty provisions
- Force majeure and unforeseen conditions
Procurement and Supply Chain Management
- Procurement strategies in EPC contracts
- Vendor selection and management
- Logistics and materials handling
Project Execution and Performance Management
- Scheduling and progress monitoring
- Quality assurance and control
- Health, Safety, and Environmental (HSE) considerations
Contract Administration and Governance
- Change management and variations
- Payment terms and performance guarantees
- Documentation and reporting requirements
Dispute Resolution and Claims Management
- Common causes of disputes in EPC contracts
- Claims preparation and management
- Dispute resolution methods: negotiation, mediation, arbitration, litigation
Case Studies and Industry Best Practices
- Review of real power and energy EPC projects
- Lessons learned and strategies for successful contract management