Posts Tagged ‘EPC Contracts’
INTRODUCTION TO EPC CONTRACTS Part 6
I will conclude this series of essays on Introduction to Engineering, Procurement and Construction (EPC) Contacts by discussing Cost-reimbursable contracts.
Read MoreINTRODUCTION TO EPC CONTRACTS Part 5
In the Part 4 we examined types of contracts that are applicable when the scope of work is clearly defined, and risks reduced. I continue our discourse of Introduction to EPC Contracts by discussing contracts that are applicable when the project or scope of work is not clearly defined. We begin with Time and Materials (T&M) Contracts.
Read MoreINTRODUCTION TO EPC CONTRACTS Part 4
In Part 3 of this series, I stated that although there are many sources of project risks, the greatest of them, and one that has the greatest influence on contract type is project definition – how clearly the scope of work is defined. Thus, scope of work definition is a key element in the selection of appropriate contract type. Today I begin to discuss different contract types and when they are applicable.
Read MoreINTRODUCTION TO EPC CONTRACTS Part 3
Part 1 of this series discussed the basics of EPC contracts. Part 2 underscored the need for project key personnel to read and understand contract scope and terms and conditions. This piece discusses contracts as a risk management strategy.
Read MoreINTRODUCTION TO EPC CONTRACTS Part 2
In this second part of our series on Introduction to Engineering and Construction (EPC) Contracts, I intend to further emphasize the need for all project key personnel to be thoroughly familiar with and understand the contract.
Read MoreINTRODUCTION TO EPC CONTRACTS Part 1
In this series of essays on Introduction to Engineering, Procurement and Construction (EPC) Contracts, I intend to discuss the basics of Engineering and Construction contracts. I hope they will help you if you are new to project and construction management, and provide fresh insights to experienced project professionals.
Read MoreEPC CONTRACTS FROM OWNERS’ PERSPECTIVE
It was my privilege to facilitate a technical session hosted by the Project Management Institute (PMI) Nigeria today. My presentation discussed, among others, The Power of Contracts Contracting as a Risk Management Strategy Project Definition, Associated Risks, and Implication for Contract Types Owners’ Perspective of an EPC Contract; what the owner expects beyond scope, cost,…
Read MoreEPC Contracts – The Owners’ Perspective
This online seminar is developed by a project management professional for project professionals.
It aims to equip project personnel with requisite Risk Management and Contracts competencies for career progress.
