Overview

As global demand for power generation continues to grow, there is a growing shift in both the pricing and costing methodologies employed by turnkey contractors. This is largely due to the client wishing to ensure that all (or most) of the risk exposure is to be borne by the main contractor. In response to this EPC contractors have adjusted the costings of their offerings in an attempt to have project budget to deal with these risks should they manifest. This course has been designed to be an immersive experience, with emphasis on problem solving and open dialogue. Many of the underpinning issues that are reflected in project costs are examined – for example, issues such as pollution control and emissions compliance; turbulent market conditions and price escalations in key raw materials.

Who Should Attend

Anyone responsible for EPC projects:

• CEOs, CXOs, Directors, Heads of Departments, Managers of:
• Commercial
• General Counsel and Legal Department
  
• Contract Management and Administration
  
• Project Finance and Finance
  
• Procurement
  
• Operations and Facilities Management
  
• Planning
  
• Investment/Funding
  
• Project Development
  
• Construction/Engineering
• Government Agencies

Key Learning Objectives

• Become familiar with the importance of ‘scoping’ an EPC project correctly both from the client/end user perspective and the contractor regardless of particular power generation sector
• Understand the difference between EPC; EPCM and ‘Multi-Prime’ approaches
• Grasp the key elements and features of a ‘split’ EPC contract
• Have awareness of the key features and contractual provisions of an EPC contract
• Have a greater understanding of the dynamic nature of contractual provisions and some of the consequences that arise as a result of them within the commercial world
• Grasp the fundamentally important aspects of managing and allocating risk in an EPC contract
• Be competent in supplier selection and evaluation
• Understand the importance of project change orders and how to efficiently manage change regardless of power sector
• Be competent in managing critical interfaces in power projects such as access to grid; fuel specifications and the commissioning regime
• Understand the best practices in avoiding and/or managing claims within EPC contracts and finance documents to facilitate funding of project specific transactions

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