Certificate in Engineering, Procurement, and Construction (EPC) Contracts

Why Attend

This course comprehensively analyzes Engineering, Procurement, and Construction contracts and their significance in the project life cycle. It covers the aspects of front-end engineering design (FEED), procurement, and site construction of the projects. The course describes the stakeholders' duties, obligations, and responsibilities, defines the scope of work (SOW), and discusses critical risk allocation issues. Participants will learn essential features such as hazard operability (HAZOP), hazard identification & risk assessment (HIRA), risk matrix, etc. They will discover necessary provisions to be incorporated in EPC Contracts to protect the company’s interests in quality, cost, and timely completion of the projects.

Course Methodology

The instructional format combines the presentations by the course leader with plenty of interactive discussions to illustrate key learning points. The course also includes case studies related to different industries, followed by individual/group exercises.

Course Objectives

By the end of the course, participants will be able to:

• Achieve a complete overview of EPC projects
• Recognize the critical elements of a project plan and contracting strategy 
• Develop an understanding of the risks involved and necessary aspects of the EPC contracts
• Get acquainted with the EPC contract award process 
• Gain insights into effective contract administration and performance management  

Target Audience

Project Managers, Contract Managers, Procurement Managers, Planning Managers, Financial Managers, Business Development Managers, Enterprise Risk Managers, Process Engineers, Operations and Maintenance (O&M) Engineers, Personnel from Oilfield Equipment Suppliers, Original Equipment Manufacturers (OEMs), and EPC Contractors.

Target Competencies

• Understanding EPC contracts
• Understanding EPC project lifecycle
• Risk management
• Understanding project management tools
• Contract management
• Understanding procurement processes
• Vendor management