EPC Contracts – The Owners’ Perspective
Today we completed Day 2 of the 5 days EPC Contract – Owners’ Perspective course. We examined a case study where an EPC Contractor’s personnel misunderstanding of what might be considered a simple scope statement could result in a two million dollars (USD 2m) exposure. And that is beside the potential loss of job that would follow.
Do you know the risk that your organization is running with project personnel who think that reading and understanding the provisions of the contract is the exclusive responsibility of the contract engineer or administrator? Do your project team members understand the implication of doing something free for the client without documenting it? Sign up for the free online seminar here.
Is it not a shame that some client and contractor teams work as enemies trying to outsmart each other, all because they do not understand each party’s perspective of the contract? This course clears up all that!
The course covers:
- The Context of EPC Contracts
- Elements of Project Risk Management
- Contract Essentials
- Understanding the Owner’s Perspective of EPC Contracts
- Contract Administration and Performance Measurement
Participants included lead and senior project professionals in:
- Project Engineering
- Interface Management
- Contract Administration
- Business Development
- Procurement and Contracts
This is a course designed by a project professional for project professionals.
Sign up for the free online seminar here.
