EPCIC (Engineering, Procurement, Construction, Installation & Commissioning)

For complex offshore and onshore projects the preferred contract module used is the EPCIC (Engineering, Procurement, Construction, Installation & Commissioning) Contract. Though it is the preferred method it is not without its issues and mastering the ins and outs of the EPCIC contracts will prove to be a worthwhile endeavour in minimising risks and liabilities.

EPCIC contracts are uniquely challenging and parties who are currently involved or will be involved in these types of contracts which are mainly large complex and often fast-track, must find ways to mitigate potential financial losses by mitigation through effective contract negotiation, drafting, and management.

Mastering the contractual clauses will give you the know-how to effectively implement EPCIC & EPCIC contracts to ensure a successful project.

As the EPCIC contracts is a multi- party venture, the performance of each of these parties is essential to the success of the project failing which the project can hit a roadblock and face financial loss. This course is specifically designed to address the key issues as it relates to all the parties involved in the contract and as to the best means available to allocate and manage their risk and liabilities under an EPCIC- EPCIC model. Parties can minimise risks through effective contracting strategies.

Key Learning Objectives
• Appreciate the essential element of the different contract stages from pre-post tender to completion and delivery of project.
• Negotiate risks better
• Address key issues faced during project lifecycle
• Tackle issues by drafting enforceable contractual clauses
• Avoiding drafting pitfalls and ambiguous contractual terms
• Enhance the relationships of all parties and stakeholders in the

Contact Details
Email: [email protected]
Website: http://www.opuskinetic.com/details-training-259
Telephone: +65 6294 6415