EPC Contracting For The Energy Industry- Managing Risk Through The Project Life Cycle 2014

There are many good reasons to attend the EPC Contracts Masterclass organize by Absolute BME. One of the most important reason is you will be able to manage your EPC contract more effectively and it can also improve cash flow, reduce the level of formal disputes, maintain and improve relationships last but not least reduce the risk of project failure.
The absence of effective an allocation of political, technical and financial risks in the initial contract documents between key stakeholders of long term projects can seriously handicap the viability and bankability of the endeavour. The nature of the energy industry (over- optimistic cash flow, forecasts, raw material cost variations, unforeseen subsurface issues, serious political uncertainties) amplifies the relevance and importance of tools required to understand and negotiate such long term projects. The course will illustrate key developer/ sponsor strategies in this area and quip candidates with some of the instincts required to be effective in this arena.
EPC contracts, and their related EPIC and EPCC forms, are very often highly complex in the context of technically challenging projects. Real understanding is needed to identify and address the issues and risks arising in such contracts. This course will illustrate the best means of identifying and pro-actively managing contracts to achieve the best commercial outcome.