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ONLINE: Typical EPC Contract Conditions (CON974)

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    Description

    This course is an in-depth review of the Engineering, Procurement and Construction (EPC) contract. The objective is to understand how risks are shared between the operator and its contractors, and how the operator limits the liabilities of its contractors.

    Course Structure: 6 modules of max. 2 hours each, delivered over 3 days
    Each day will consist of 2 x 2-hour modules including a 30 min. break in between.

    Course Level: Skill
    Duration: 3 days
    Instructor: Paul Adrian or Pierre Lhermitte

    Designed for you, if you are...

    • A package manager, project engineer or contract engineer who is directly involved in the implementation of a project's contractual strategy

    Any stakeholder of a development project in the energy sector needs to understand the content of the EPC contract to be able to manage the relationship with the EPC contractors.

    How we build your confidence

    • Live instructor-led training
    • This course will give participants a strong theoretical background by providing a solid and meticulous documentation that you will be able to use in your working position as a reference
    • Extensive use of case studies and exercises

    The benefits from attending

    By the end of the course you will be able to manage an EPC contract: The execution of the contract, financial conditions, distribution of responsibilities between the parties and the necessary insurances as well as legal clauses.

    Topics

    Day 1
    • General overview
      - Status of the parties
      - Assignment
      - Sub-contractor
    • Execution of the contract
      - Work time schedule and progress control
      - Certificates
      - Guarantees & warranties
      - Change orders & claims

    Day 2
    • Financial conditions
      - Price structure
      - Price revision
      - Price perimeter
      - Invoicing conditions
      - Payment terms
      - Liquidated damages
    • Liabilities & insurances
      - Various liability principles
      - Insurances
      - Limitation of liability

    Day 3
    • Legal clauses
      - Suspension
      - Termination
      - Force majeure
      - Applicable laws
      - Governing law

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    HOT Engineering GmbH   Tel: +43 3842 43 0 53-0   Fax +43 3842 43 0 53-1   hot@hoteng.com