EPCIC Contracts Management Engineering, Procurement, Construction, Installation & Commissioning
09 - 11 October 2016
Oman
This course is Designed, Developed, and will be Delivered under
ISO 29990:2010 Standards & ISO 9001:2015 15-MAY-16
EPCIC Contracts Management Engineering, Procurement, Construction, Installation & Commissioning
Why Choose this Training Course?
What are the Goals?
For complex projects the preferred contract module used is the EPCIC (Engineering, Procurement, Construction, Installation & Commissioning) Contract. Though it is the preferred method it is not without its issues and mastering the ins and outs of EPCIC contracts will prove to be a worthwhile endeavour in minimising risks and liabilities.
Participants attending the training course will:
This EPCIC Contracts Management training course is specifically designed to address the key issues as it relates to all the parties involved in the contract and as to the best means available to allocate and manage their risk and liabilities. Under an EPCIC model the main contractor carries the risks for the project, they must, at the same time minimise these risks through effective contracting strategies. The training course is specifically designed to provide participants with a well- tested and practical guide: • 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
Who is this Course for? This course is suitable for a wide range of profession, but will greatly benefit: • • • • • •
Contract / Project Professionals Commercial Contract Professionals Commercial Operation Professionals Contract Engineers Procurement supply chain professionals Risk manager / Contract Risk professionals
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• Understand the current global, local and financial environment for EPCIC contracts • Examine and analyse the difference between with EPCIC contracts & EPCM and appreciate the underlying legal principles • Assess operational, commercial, legal and financial risks in EPCIC contracts • 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 project lifecycle and how to tackle these through enforceable contractual clauses
How will this Training Course be Presented? This interactive training course will provide the participants an ideal opportunity to improve and sharpen their skill sets in planning, negotiating and managing EPCIC contracts through interactive session with role playing, case studies, discussion groups and scenario building and the high-point of the course being a simulation exercise of an EPCIC contract negotiation involving interactive role play by the participants. The objective of the interactive role play is to enable participants to apply the knowledge and understanding gained at the workshop to negotiate a more effective EPCIC contract. This will help participants gain practical insights into managing the risks and enhancing their rewards.
Daily Topics EPCIC Overview, Legal Framework & Contract Structure and Risk Allocation • Maximising parties rights and interests with appropriate contracting strategy • Contractor’s single point of responsibility • Split contract structure • Exercise in choosing the right contract structure for your project • Exercise in preparing for the tender exercise, tender and award. Discussing and analysing different strategies
Tender Process Leading to an EPCIC 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 and terms and conditions • Exceptions – what to accept and what to deny • Finalising tender negotiations & Award – • LOI and LOA essential terms and legal effects • Exercise on the selection process and main elements to ensure a successful tender exercise
Essential Aspects of Risk Management Strategies • • • • • •
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
Contract Completion – Critical Issues • 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 • Dealing with disputes – considering the different options • Discussion on issues participants have faced and how it was handled
Negotiating Essential Contractual Terms of EPCIC Contracts • Identifying critical issues in the project life-cycle • Managing cost impact clauses like delay, price fluctuations • Indemnities and other liabilities, MAC clauses, HSE • Changes in Law and regulations in host country & stabilization clauses • Political Risk Insurance • Force Majeure & Termination for cause and without cause • Case study & drafting exercise
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EPCIC Contracts Management
EPCIC Contracts Management Engineering, Procurement, Construction, Installation & Commissioning
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REGISTRATION DETAILS Family Name ...................................................................................................................... First Name (Mr./Ms.) ...................................................................................................................... Position ...................................................................................................................... Company ...................................................................................................................... Mailing Address ...................................................................................................................... ..................................................................................................................... Telephone Mobile ......................................................... ......................................................... Fax Email ......................................................... .........................................................
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COURSE SCHEDULE 09 - 11 October 2016 Oman
REGISTRATION FEES US$ 3,500/ - per participant
This fee is inclusive of Documentation, Lunch and Refreshments
MODE OF PAYMENT q q q
Please invoice my company Please invoice me Cheque payable to “PetroKnowledge Limited”
WAYS TO REGISTER T: F: E: W:
+971 2 5577 389 +971 2 5577 128 info@petroknowledge.com www.petroknowledge.com
HOTEL ACCOMMODATION Hotel accommodation is not included in the Registration Fee. A reduced corporate rate and a limited number of rooms are available for attendees wishing to stay at the hotel venue. Please make your request for accommodation at least 3 weeks prior to the commencement of the course.
CERTIFICATION A Certificate of Completion will only be awarded to those delegates who attend the entire course
“Training & Development Services for the Oil & Gas Industry” PetroKnowledge Limited P. O. Box 135120 Abu Dhabi, U.A.E.
CANCELLATIONS & SUBSTITUTIONS You must notify the Registrar of cancellations at least 2 weeks before a scheduled seminar in order to be eligible for a credit. If you cannot attend, you may send a replacement from your organisation at no charge. There is a $250 handling charge for all cancellations or rescheduling. We reserve the right to cancel a seminar due to low enrolment. All registrants will be notified in advance and a full refund will be provided upon request. DISCLAIMER Circumstances beyond the control of PetroKnowledge may necessitate postponement, change of venue or substitution of the Instructor. As such, PetroKnowledge reserves the right to implement such amendments.