EPCIC Contract Management in Offshore & Marine

An Intensive 5 - Day Training Course

EPCIC Contract Management in Offshore & Marine

Masterclass in Engineering, Procurement, Construction, Installation & Commissioning Contracts

Scheduled Dates

13 - 17 Nov 2022 Dubai - UAE $4,950
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Why Choose this Training Course?

Why Choose this Training Course?

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 PetroKnowledge 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.

This PetroKnowledge EPCIC Contracts Management in Offshore & Marine training course is specifically designed to provide participants with a well- tested and practical guide on:

  • Putting EPCIC in the context of 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; managing contractor concerns

What are the Goals?

What are the Goals? 

At the end of this PetroKnowledge training course, participants will be able to:

  • Understand the current global, local and financial environment for EPCIC contracts and assess operational, commercial, legal and financial risks in EPCIC contracts
  • Examine and analyse the difference between with EPCIC contracts & EPCM and appreciate the underlying legal principles.
  • 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
  • Avoiding drafting pitfalls and ambiguous contractual terms

Who is this Training Course for?

Who is this Training Course for?  

This PetroKnowledge EPCIC Contracts Management in Offshore & Marine training course is suitable to a wide range of professionals but will greatly benefit Contracts Professionals and Project Managers operating in complex offshore and onshore projects in marine and shipyard construction and engineering, whether at beginner or intermediate levels, and also:

  • Commercial Contract Professionals
  • Commercial Operation Professionals
  • Contract Engineers
  • Procurement Supply Chain Professionals
  • Risk Manager / Contract Risk Professionals

How will this Training Course be Presented?

How will this Training Course be Presented? 

This PetroKnowledge EPCIC Contracts Management in Offshore & Marine training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes exercises designed to improve and sharpen the skill sets of delegates in planning, negotiating and managing EPCIC contracts through interactive session with role playing, case studies, discussion groups and scenario building. The objective of the interactive role play is to enable participants to apply the knowledge and understanding gained at the workshop to negotiate a more effective EPCIC contract.  This will help participants gain practical insights into managing the risks and enhancing their rewards.

Organisational Impact

The organisation will benefit by:

  • Providing project management team with a fresh and rational approach to contract management in Offshore and Maritime contracts
  • Analysing and solving contract problems before they cause organisation in time and money 
  • Provide an eye-opener on the importance of clarifying contract ambiguities prior to signing of contracts
  • Gives procurement and other project personnel a new insight into negotiating of contracts
  • Strategizing on risk management techniques that can be used in the contracts to safeguard organisations interests
  • Senior management given options that are available to enable them to negotiate terms and conditions of for upstream and downstream contracts

Personal Impact

This PetroKnowledge EPCIC Contracts Management in Offshore & Marine training course teaches the competencies that enable the attendees to: 

  • To have a one-stop reference on all aspects of the contracts and for dealing effectively with the problems that may arise
  • Obtain detailed guidance on the contract management techniques that will help the reduce claims
  • Familiarise themselves with different contracting clauses
  • Looks at contract documents required for creation of an EPCIC contract and other contracts and the importance of specifications, drawings, scope of work
  • Deal with Changes to contract terms, and differences in approach between standard contracts and bespoke contracts
  • Knowledge of different contracting strategy to meet organisation’s goals

Daily Agenda

Day One: 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”

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 Issues Faced During Contract Life Cycle by Aligning Contractual Terms to Project Management
    • Managing Coordination Issues
    • Handling Completion Issues
    • Liquidated Damages
    • Dispute Resolution
    • Enforcing of Commencement and Completion Dates

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, liquidated damages and extensions of time (EOT)
  • Completion and testing & effects of acceptance
  • Using contractual clauses to manage liabilities and risks

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

Certificate

  • On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

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Oxford Management Centre

Our collaboration with Oxford Management Centre aims to provide the best training services and benefits for our valued clients.

Visit Website ›

Frequently Asked Questions

How can I register for a training course?

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 56 222 7795 | +971 2 557 7389 or send an email to reg@petroknowledge.com

When and how do I arrange payments?

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

When should I expect to receive confirmation of registration?

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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