An Interactive 5-Day Training Course
Engineering Procurement and Construction (EPC) Contracts for Energy Industry
Skills and Strategies for Successful EPC Contracts
Course Overview
For complex energy related projects including power plant projects, the preferred contract module used is normally the EPC (Engineering, Procurement, Construction) or EPCIC (Engineering, Procurement, Construction, Installation & Commissioning ) Contracts.
Though it is the preferred method it is not without its issues and mastering the ins and outs of the EPCIC contracts will prove to be a worthwhile endeavour in mitigating risks and liabilities that are likely to arise in these contracts.
EPCIC contracts are uniquely challenging and parties who are currently involved or will be involved in these types of contracts which are mainly large and complex and often fast-track must find ways to reduce potential financial losses through effective contract negotiation, drafting, and management.
Mastering the contractual clauses will give you the know-how to effectively implement EPC & EPCIC contracts to ensure a successful project.
This Engineering Procurement and Construction (EPC) Contracts for Energy Industry training course is specifically designed to address the key issues as it relates to all the parties involved in the contract. It give you the best approach on how to allocate and manage risks, liabilities, Force Majuere events. You will learn effective contracting strategies for successful EPCIC project delivery.
Training Outline
DAY 1: MAIN CHARACTERISTICS OF EPC CONTRACTS FOR ENERGY PROJECTS
- Understanding EPC role matrix and contract structure
- Maximizing parties rights and interests with appropriate contracting strategy
- EPC Contractor’s single point of responsibility
- Split contract structure
- Fixed Contracts Price and Milestone Payment Terms
- Fixed Completion Date
IDENTIFYING EPC PROJECT RISKS IN CURRENT MARKET CONDITIONS
- Roles & Responsibilities of Parties during contract period
- Assessing risks in times in a challenging economy
- Assessing how risks have been changed by current challenges in the economy
- Project Contracting Trends
- Overcoming Business, Operational, and Project Risk
- Are Projects Prepared for Market Risks
- How to contract out project risk and optimize value Chains in EPC Contracts?
IMPORTANCE OF TENDER PROCESS IN AN EPC CONTRACT
- Legal, Technical and Commercial Pre-Qualification of tenderers
- Best practices in tender evaluations and selection of tenderer
- Important of scope of work and specifications
- Use of Standard Terms and Conditions
- Exceptions: What to accept and What to deny
- Finalizing tender negotiations & award
- Letter of Intent/Letter of Award: Essential Terms and Legal Effects
- Discussion & Analysis of different tendering & contracting strategies
DAY 2: KEY CONTRACTUAL TERMS OF EPC CONTRACTS
- Identifying critical issues in the project life-cycle
- Managing cost impact clauses like delay, price fluctuations
- Indemnities and Liabilities
- Force Majeure & Limiting events of Force Majeure
- MAC Clauses
- HSE Liabilities
- Changes in Law and regulations in host country & stabilization clauses
- Political Risk Insurance
- Termination for cause and for convenience
- Discussion of Case Study on FIDIC EPC Contract
DAY 3: RISK MANAGEMENT ISSUES EMPLOYER & CONTRACTORS RISK
- Contracting Out Risk & Optimizing Value Chains
- Design, Technology, & Process Risk
- Procurement & Specification risk
- Variations and Cost Impact
- Payment and Multi- currency Contracts
- Delay and Liquidated Damages
- Completion and Testing & Effects of Acceptance
- Passing of Risk on Completion
- Claims management & the rights and remedies available to the parties
- Liability, Indemnities, and Insurance Coverage
DAY 4: CONTRACT COMPLETION – CRITICAL ISSUES
- Date of Completion
- Acceptance of punch list of defects - What is the effect?
- Passing of Tile and Risk: Safety & Insurance
- Warranties and Guarantees
- Passing of Intellectual Property rights
- Defects: Exculpatory Clauses
- Defects Liability period, Contract Claims, and Employer Remedies
- Termination of Contract: Rightful & Wrongful Termination
DAY 5: CONTRACT NEGOTIATION & DISPUTE RESOLUTION
- Acquiring Negotiation Skills
- Reviewing the Harvard Law School Points on Negotiation Skills
- Key roles and responsibilities of the negotiating team
- Identifying key success bargaining positions
- Concluding Negotiations
- Dealing with Disputes: Choosing the Best Disputes Resolution Process
- Should you Mediate or Arbitrate
- Costs and other Considerations
- Inter-active Session on Negotiation Skills
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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