EPCIC Contract Management in Offshore and Marine
Course Info
Length:
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Course Details
Introduction
Objective
Who should attend
EPCIC (Engineering, Procurement, Construction, Installation & Commissioning) Contract is the most commonly used form of construction contract. In particular for complex projects, the preferred contract module that is used is EPCIC. Mastering the ins and outs of EPCIC contracts will prove to be an essential tool in driving effective contracting strategies to minimize delays, cost overruns and liability issues.
This EPCIC Contracts Management in Offshore & Marine training course for both Offshore and Marine is specifically designed to address the key issues as it relates to all the parties and stakeholders who are involved in the execution of 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 minimize these risks through effective contracting strategies.
Course Outline
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
