This BTS training course is specifically designed to provide participants with a well- tested and practical guide:

• The different models of EPC Contracts
• The inherent risk, liabilities and benefits of employing various contracting strategies
• The challenges of EPCIC lump sum contracts and the ways to manage cost over-runs
• Structuring the contract to address the issues of the several parties to the contract to ensure a positive project outcome
• Pros and Cons of the split EPCIC contract form
• Insights into the current issues affecting EPCIC contracts like pollution, HSE and local content.

Participants attending the training course will:

• Understand the current global, local and financial environment for EPCIC contracts
• Examine and analyse the difference between with EPCIC contracts & EPCM and appreciate the underlying legal principles
• Assess operational, commercial, legal and financial risks in EPCIC contracts
• 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 project lifecycle and how to tackle these through enforceable contractual clauses

This BTS training course is suitable for a wide range of profession, but will greatly benefit:

• Contract / Project Professionals
• Commercial Contract Professionals
• Commercial Operation Professionals
• Contract Engineers
• Procurement supply chain professionals
• Risk manager / Contract Risk professionals

Day One: EPCIC Overview, Legal Framework & Contract Structure and Risk Allocation

• Maximizing parties rights and interests with appropriate contracting strategy
• Contractor’s single point of responsibility
• Split contract structure
• Exercise in choosing the right contract structure for your project
• Exercise in preparing for the tender exercise, tender and award. Discussing and analysing different strategies

Day Two: 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
• Finalising 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

Day Three: 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
• Case study & drafting exercise

Day Four: Essential Aspects of Risk Management Strategies

• Design, Technology & Process Risk ;
• Procurement & Specification risk
• Variations and cost impact
• Payment and multi- currency contracts
• Delay and liquidated damages
• Completion and testing & effects of acceptance

Day Five: 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

BTS attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.