Managing International EPC Contracts in the Global Power Industry Masterclass

About the Course

The increasing demand for energy has led to an intensification of competition – not only between organisations within the same sector (i.e. coal power generation) but also from the growing alternative-energy markets. The rise of ‘clean’ energy generation has led to a concerted yet diverse technological development within fields such as wind, tidal and solar power-generation facilities.

Given these factors, organisations seek different ways in which to achieve a sustainable competitive advantage relevant to one another. One such strategy has been to adopt a form of ‘risk transfer’ via outsourcing to make another party the ‘bearer’ of risk – i.e. appointing a contractor company that offers a ‘one-stop shop’ solution. The contractor company undertakes the whole scope of the project, becoming the main contractor and subsequently managing the entire range of subcontractor agreements to ensure that the deliverable in question is met in its entirety for the client/end user.

These types of contracts are often referred to as EPC (engineering, procurement and construction) contracts, also known as ‘turnkey’ contracts. Learning how to manage international EPC contracts for the power industry is crucial knowledge for anyone interested in entering into an EPC contract.

If the contract can be executed successfully, the contractor stands to benefit, but if there are problems and delays, the contractor may find themselves liable for bearing the costs. Unfortunately, given the scale and scope of this type of commercial contracts and the often complex project management challenges associated with them, there is a significant likelihood that most of the ambit of contractual and operational misfortune in terms of breach, delay, quality issues, HSE compliance, and local content issues (to name but a few) will manifest at some point during the project’s lifetime.

The managing international EPC contracts in the global power industry masterclass will furnish participants with a thorough understanding of the key components (and their interactions) of an EPC contract and focus on the key project management issues one must resolve for successful project delivery. Particular attention is given to open dialogue and collective problem-solving relative to case examples and class exercises. This managing international EPC contracts course has been designed to provide an immersive, value-adding experience.

Who Will Benefit

• Professionals who are 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
• 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
• Understand how an EPC contract is structured
• Grasp the fundamentally important aspects of managing risk in an EPC contract
• Become familiar with key procurement aspects associated with EPC contracts and projects
• Be competent in supplier selection and evaluation
• Know what to focus on for managing the commercial performance of an EPC contract
• Understand the importance of project change orders and how to efficiently manage change
• Be competent in managing critical interfaces in power projects such as access to grid, fuel specifications and the commissioning regime
• Understand the requirements and importance for EPC projects in efficiency of critical (long) lead items

Course Information

Instructional Delivery Method: In Person and Live Digital
Prerequisite & Advanced Preparation: Reading material will be sent prior to the course

World Commerce & Contracting

Informa Connect Academy is a Learning Partner of the World Commerce & Contracting which is a not-for-profit association and the only global body promoting standards and raising capabilities in commercial practice.

International Institute of Business & Technology

The International Institute of Business & Technology Aust (IIBT) is a highly respected, government-approved, Australian provider of higher education and VET programs. Their suite of programs includes a University level Diploma of Business Administration, equivalent to the first year of a business related undergraduate degree at Australian Universities.

Delivered by Christopher Lennon

Christopher Lennon is the Director of Stone Falcon Corporate and Legal Consulting Ltd – a company that works internationally based in Scotland, UK. Chris has 30 years’ experience within the oil, gas and power industry, specialising in contractual issues, commercial negotiation and dispute resolution.

Run this course in-house

Informa Connect Academy’s customised training solutions have helped organisations deliver tailored learning in different languages to suit every requirement.