The EPCIC (Engineering, Procurement, Construction, Installation & Commissioning) Contract is widely utilized as the primary form of construction agreement. Particularly for intricate projects, the preferred contract module is often EPCIC. Developing a thorough understanding of EPCIC contracts is crucial for implementing effective contracting strategies that mitigate delays, cost overruns, and liability issues.

This specialized training course, EPCIC Contracts Management in Offshore & Marine, caters to both the Offshore and Marine sectors. It is specifically designed to address the key concerns faced by all parties and stakeholders involved in contract execution. The course focuses on identifying and implementing optimal approaches to allocate and manage risk and liabilities.

Under the EPCIC model, the main contractor assumes the project's risks while simultaneously striving to minimize them through effective contracting strategies. This course equips participants with the knowledge and tools necessary to navigate the complexities of EPCIC contracts and make informed decisions that optimize risk management.

Course Objectives:

After completion of the course participants will be enabled to:

Understand the current global, local and financial environment for EPCIC contracts and assess operational, commercial, legal, and financial risks in EPCIC contracts
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

Who Should Attend?

This EPCIC Contracts Management in Offshore & Marine training course is suitable to a wide range of professionals but will greatly benefit Contracts Professionals and Project Managers operating in complex offshore and onshore projects in marine and shipyard construction and engineering, whether a beginner or intermediate levels and also:

Commercial Contract Professionals
Commercial Operation Professionals
Contract Engineers
Procurement Supply Chain Professionals
Risk Manager / Contract Risk Professionals

Course Outlines:

EPCIC Overview, Legal Framework & Contract Structure and Risk Allocation

EPCIC, EPC. EPCM Contract Structure and Strategy
Maximizing Parties’ Rights and Interests
Contractor’s Single Point of Responsibility and Its Effects on Parties
Fixed Price Lump Sum Contracts
Split Contract Structures to Minimize Tax and Legal Exposure
EPCIC used in Shipbuilding Contracts for “Floaters” and Floating Platforms
Collaborative Contract Strategies to Avoid the “Blame Game”

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
Finalizing 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

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

Essential Aspects of Risk Management Strategies

Design, Technology & Process Risk
Procurement & Specification risk
Variations and Cost Impact
Payment and Multi-currency Contracts
Delay, Liquidated Damages and Extensions of Time (EOT)
Completion and Testing & Effects of Acceptance
Using Contractual Clauses to Manage Liabilities and Risks

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

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