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A quick breakdown of key aspects you should consider in EPC (Engineering, Procurement, and Construction) Contracts.

A Practical Guide to EPC Contracting and Claim Management Engineering, Procurement and Construction Contracts for Large Scale Projects.

Engineering, procurement and construction (EPC) contracts were introduced in the 1970s and 1980s to help reduce risk in increasingly large and complex construction projects. A&M Construction Disputes expert Kasia Halliday, FCIArb recently contributed an article to Gulf Construction Magazine titled “EPC contracts: how to avoid disputes.” In the article, she explores best practices for managing risk when EPC contracts are used and provides insights into the factors that can help reduce the likelihood of a dispute arising including effective contract documentation and design management, proactive project management, and robust record-keeping. Read the article here: https://okt.to/KxFRma #AMon #Construction #Disputes #EPCContracts

An EPC contractor can make or break your next project. Find out what to look for in an EPC contractor and ensure your project runs smoothly in our latest blog: https://bit.ly/4hnPf6C. #EPC #EPCservices #engineering #procurement #construction #EPCcontractor #JEPCO #JōbEPCCompany

There are several contracting models used in construction projects. In this article, we cover the Engineering, Procurement, and Construction (EPC) contracting model, which is widely used for large-scale infrastructure projects. The appeal of EPC contracts is due to the turnkey approach, which places the responsibility for design, procurement, and construction on a single contractor. An EPC contract aims to streamline project delivery, reduce interfaces, and allocate risk to the party best positioned to manage it. However, the adversarial nature of EPC contracts often leads to significant challenges and disputes, impacting project success. https://bit.ly/3WZUIs2 #constructionlaw #constructioncontracts #epccontracts

Struggling with your EPC challenges? Don't worry, we've got you covered! Check out this must-watch video on overcoming your toughest EPC obstacles Watch now: https://hubs.la/Q02vZp3j0 #EPC #ProjectManagement #Engineering #Procurement #Construction

EPC (Engineering, Procurement, and Construction) contracts are commonly used in large-scale projects, particularly in industries such as construction, energy, and infrastructure development. These contracts involve a single contractor responsible for the design, procurement of materials, and construction of the project. Effective management of EPC contracts and claims is essential to ensure project success and mitigate risks. Here is a practical guide to EPC contracting and claim management: 1. Clear Scope Definition: Start by clearly defining the scope of work in the EPC contract, including project specifications, deliverables, timelines, and quality standards. A well-defined scope helps prevent misunderstandings and disputes during project execution. 2. Risk Allocation: Identify and allocate risks appropriately in the contract to ensure that each party (owner and contractor) assumes responsibility for risks within their control. Clearly outline risk management strategies and mitigation measures. 3. Performance Metrics: Establish key performance indicators (KPIs) and milestones to track project progress and ensure compliance with contractual obligations. Regular monitoring and reporting of performance metrics help identify potential issues early on. 4. Change Management: Develop a robust change management process to address modifications to the scope, schedule, or budget during project execution. Document all changes, assess their impact on the project, and obtain necessary approvals before implementation. 5. Claim Management: Implement a systematic approach to managing claims, including potential delays, cost overruns, and disputes. Promptly document and evaluate claims, engage in proactive communication with stakeholders, and seek amicable resolutions to avoid escalation. 6. Dispute Resolution: Include dispute resolution mechanisms in the contract, such as mediation, arbitration, or litigation, to address conflicts that cannot be resolved amicably. Establish clear procedures for resolving disputes to minimize project disruptions. 7. Compliance and Governance: Ensure compliance with regulatory requirements, industry standards, and contract terms throughout the project lifecycle. Establish effective governance structures to oversee project performance, risk management, and compliance. 8. Communication and Collaboration: Foster open communication and collaboration among project stakeholders, including the owner, contractor, subcontractors, and project team members. Regular meetings, progress updates, and feedback sessions enhance transparency and alignment. 9. Documentation and Record-Keeping: Maintain accurate and comprehensive project documentation, including contracts, correspondence, change orders, and meeting minutes. Proper record-keeping is crucial for substantiating claims, resolving disputes, and ensuring project accountability.

EPC ( Engineering , Procurement & Construction) are generally most complex project implementation processes.

EPC project summary