Code Date Venue Fees
CM015 06 - 10 May 2018 Dubai - UAE $4,750 Register
CM015 18 - 22 Nov 2018 Dubai - UAE $4,750 Register
Home » Seminars » Contracts Management » Contract Management in Offshore & Marine, EPCIC and Shipyard

Introduction

For complex offshore and onshore projects the preferred contract module used is the EPCIC (Engineering, Procurement, Construction, Installation & Commissioning) Contract. Understanding the allocation of risk by mastering the ins and outs of EPCIC contracts will prove to be a valuable tool in driving effective contracting strategies to minimise liabilities.

This GLOMACS Contracts Management training seminar is specifically designed to provide participants with a well-tested and practical guide

  • 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

Objectives

At the end of this 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

Training Methodology

This Contracts Management training seminar will utilise 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 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

Who Should Attend?

This training programme 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

Seminar Outline

DAY 1

EPCIC Overview, Legal Framework & Contract Structure and Risk Allocation

  • Maximising parties rights and interests with appropriate contracting strategy
  • Contractor’s single point of responsibility
  • Split contract structures
  • EPCIC aspects in Shipbuilding Contracts for “Floaters”
  • Choosing the right contract structure for your project
  • The tender process, tender and award. Discussing and analysing different strategies

DAY 2

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 3

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 4

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
  • Using contractual clauses to manage liabilities and risks

DAY 5

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

Accreditation

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Contract Management in Offshore
& Marine, EPCIC and Shipyard


Upcoming Dates

Code Date Venue Fees
CM015 06 - 10 May 2018 Dubai - UAE $4,750
CM015 18 - 22 Nov 2018 Dubai - UAE $4,750

Introduction

For complex offshore and onshore projects the preferred contract module used is the EPCIC (Engineering, Procurement, Construction, Installation & Commissioning) Contract. Understanding the allocation of risk by mastering the ins and outs of EPCIC contracts will prove to be a valuable tool in driving effective contracting strategies to minimise liabilities.

This GLOMACS Contracts Management training seminar is specifically designed to provide participants with a well-tested and practical guide

  • 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

Objectives

At the end of this 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

Training Methodology

This Contracts Management training seminar will utilise 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 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

Who Should Attend?

This training programme 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

SEMINAR OUTLINE

DAY 1

EPCIC Overview, Legal Framework & Contract Structure and Risk Allocation

  • Maximising parties rights and interests with appropriate contracting strategy
  • Contractor’s single point of responsibility
  • Split contract structures
  • EPCIC aspects in Shipbuilding Contracts for “Floaters”
  • Choosing the right contract structure for your project
  • The tender process, tender and award. Discussing and analysing different strategies

DAY 2

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 3

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 4

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
  • Using contractual clauses to manage liabilities and risks

DAY 5

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

Quality Logo

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

 

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.



© 2017. Material published by GLOMACS shown here is copyrighted.
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.

Print Logo
P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.ae

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