COURSE OVERVIEW

This practical and highly-interactive course includes real-life case studies where participants will be engaged in a series of interactive small groups and class workshops.

This course is designed to provide participants with a detailed and up-to-date overview of Engineering Procurement & Construction (EPC) Contracts for Energy Industry. It covers the EPC contract structure and key elements and phases of an EPC project lifecycle; the EPC contract models in energy projects and the roles and responsibilities of EPC parties; the pre-award phase, tendering strategy and contract negotiation and finalization; the engineering deliverables and review cycles, procurement lifecycle in EPC projects and vendor and supplier management; and the contractual obligations in procurement, quality assurance and compliance in engineering/ procurement and procurement risk management.

Further, the course will also discuss the construction planning and mobilization, scheduling and project controls and HSE and regulatory compliance in EPC projects; the subcontractor selection and contracts, coordination and daily work permits, site meetings and performance monitoring and delay and dispute management; the construction risk and insurance as well as site documentation and quality control; the change events, variation orders, time extensions and cost impacts and documentation protocols; and the types of delays, delay analysis methods, concurrent delays and EOT approval process.

During this interactive course, participants will learn the cost control and financial management through budgeting and cost forecasting, payment milestones and invoicing, cash flow and working capital and claims for escalation and reimbursement; the dispute avoidance and resolution and contract close-out and handovers; the FIDIC and other standard EPC forms; the risk allocation in EPC projects, performance bonds, guarantees and securities; the technology integration in EPC projects; and the low-carbon engineering choices, sustainable procurement practices, reporting frameworks and energy transition projects.