The most common type of construction contract is an EPCIC (Engineering, Procurement, Construction, and Installation & Commissioning) contract. EPCIC is the preferred contract module, particularly for complex projects. Understanding the intricacies of EPCIC contracts will be a valuable asset in driving effective contracting strategies to reduce delays, cost overruns, and liability issues.
This EPCIC Contracts Management in Offshore & Marine training course is specifically designed to address the key issues as they relate to all parties and stakeholders involved in the contract's execution. And the best methods for allocating and managing their risk and liabilities. The main contractor bears the risks for the project under an EPCIC model, and they must minimize these risks through effective contracting strategies.
This EPCIC Contracts Management in Offshore & Marine training course is specifically designed to provide participants with a well-tested and practical guide on:
Putting EPCIC in the context of the different models of EPC Contracts
The inherent risk, liabilities, and benefits of employing various contracting strategies
The challenges of EPCIC lump sum contracts and the ways to manage cost over-runs
Structuring the contract to address the issues of the several parties to the contract to ensure a positive project outcome. Pros and Cons of the split EPCIC contract form
Insights into the current issues affecting EPCIC contracts like pollution, HSE and local content; managing contractor concerns
Examine and analyze the difference between EPCIC contracts & EPCM and appreciate the underlying legal principles
Appreciate the essential element of the different contract stages from pre to post-tender to completion and delivery of project
Address key issues faced during the project lifecycle and how to tackle these through enforceable contractual clauses
Avoiding drafting pitfalls and ambiguous contractual terms
This EPCIC Contracts Management in Offshore & Marine training course will employ a number of tried-and-true learning techniques to ensure maximum understanding, comprehension, and retention of the material presented. This includes interactive sessions with role playing, case studies, discussion groups, and scenario building to improve and sharpen delegates' skill sets in planning, negotiating, and managing EPCIC contracts. The goal of the interactive role play is for participants to be able to apply what they learned at the workshop to negotiate a more effective EPCIC contract. This will assist participants in gaining practical insights into risk management and maximizing their rewards.
Providing project management team with a fresh and rational approach to contract management in Offshore and Maritime contracts
Analyzing and solving contract problems before they cause organization in time and money
Provide an eye-opener on the importance of clarifying contract ambiguities prior to signing of contracts
Gives procurement and other project personnel a new insight into negotiating contracts
Strategizing on risk management techniques that can be used in the contracts to safeguard organization's interests
Senior management is given options that are available to enable them to negotiate terms and conditions for upstream and downstream contracts
To have a one-stop reference on all aspects of the contracts and for dealing effectively with the problems that may arise
Obtain detailed guidance on the contract management techniques that will help the reduce claims
Familiarize themselves with different contracting clauses
Looks at contract documents required for the creation of an EPCIC contract and other contracts and the importance of specifications, drawings, scope of work
Deal with Changes to contract terms, and differences in approach between standard contracts and bespoke contracts
Knowledge of different contracting strategies to meet the organization’s goals
