EPC Contracts Mastery: Practical Tools and Resources for Effective Project Management
Course Overview This comprehensive course is designed to equip professionals with the knowledge, skills, and practical tools necessary to effectively manage EPC (Engineering, Procurement, and Construction) contracts. Upon completion, participants will receive a certificate issued by The Art of Service.
Course Curriculum Module 1: Introduction to EPC Contracts
- Definition and Overview of EPC Contracts
- Key Characteristics and Features of EPC Contracts
- Types of EPC Contracts: Lump Sum, Cost Plus, and Hybrid
- Benefits and Challenges of EPC Contracts
- Real-World Examples and Case Studies
Module 2: EPC Contract Structure and Components
- Contractual Framework: Parties, Roles, and Responsibilities
- Scope of Work: Definition, Change Management, and Variations
- Contract Pricing and Payment Terms
- Risk Allocation and Management
- Contractual Clauses: Boilerplate, Termination, and Dispute Resolution
Module 3: EPC Contract Planning and Preparation
- Pre-Contract Planning: Feasibility Studies, Risk Assessment, and Contract Strategy
- Contract Document Preparation: Request for Proposal (RFP), Tendering, and Contract Award
- Contract Negotiation: Strategies, Techniques, and Best Practices
- Contract Finalization: Execution, Notice to Proceed (NTP), and Contract Administration
Module 4: EPC Contract Management
- Contract Administration: Roles, Responsibilities, and Communication
- Progress Monitoring and Reporting: Earned Value Management (EVM) and Key Performance Indicators (KPIs)
- Change Management: Procedures, Impact Assessment, and Pricing
- Claims Management: Types, Procedures, and Resolution
- Dispute Resolution: Negotiation, Mediation, Arbitration, and Litigation
Module 5: Risk Management in EPC Contracts
- Risk Identification: Techniques, Tools, and Best Practices
- Risk Assessment: Qualitative and Quantitative Methods
- Risk Mitigation and Allocation: Strategies and Contractual Provisions
- Risk Monitoring and Review: Procedures and Tools
Module 6: EPC Contract Close-Out
- Contract Completion: Criteria, Procedures, and Certification
- Final Accounting and Payment: Procedures and Best Practices
- Lessons Learned: Documentation, Review, and Continuous Improvement
- Contract Close-Out: Formalities, Documentation, and Record-Keeping
Module 7: Practical Tools and Resources
- Contract Management Templates and Checklists
- EPC Contract Software and Tools: Overview and Best Practices
- Industry Standards and Guidelines: FIDIC, AACE, and Others
- Case Studies and Group Discussions: Real-World Applications and Lessons Learned
Course Features - Interactive and Engaging: Bite-sized lessons, hands-on projects, and gamification
- Comprehensive and Up-to-Date: Covers the latest industry trends, best practices, and standards
- Personalized and Flexible: Self-paced learning, lifetime access, and mobile accessibility
- Expert Instructors: Industry professionals with extensive experience in EPC contract management
- Certification: Certificate issued by The Art of Service upon completion
- Community-Driven: Discussion forums, peer-to-peer learning, and networking opportunities
- Actionable Insights: Practical tools, templates, and resources for effective project management
What to Expect Upon Completion Upon completing the EPC Contracts Mastery course, participants will: - Possess a deep understanding of EPC contracts, their structure, and components
- Be able to effectively plan, prepare, and manage EPC contracts
- Have the skills to identify, assess, and mitigate risks in EPC contracts
- Be equipped with practical tools and resources for effective project management
- Receive a certificate issued by The Art of Service, demonstrating their expertise and commitment to EPC contract management
,
Module 1: Introduction to EPC Contracts
- Definition and Overview of EPC Contracts
- Key Characteristics and Features of EPC Contracts
- Types of EPC Contracts: Lump Sum, Cost Plus, and Hybrid
- Benefits and Challenges of EPC Contracts
- Real-World Examples and Case Studies
Module 2: EPC Contract Structure and Components
- Contractual Framework: Parties, Roles, and Responsibilities
- Scope of Work: Definition, Change Management, and Variations
- Contract Pricing and Payment Terms
- Risk Allocation and Management
- Contractual Clauses: Boilerplate, Termination, and Dispute Resolution
Module 3: EPC Contract Planning and Preparation
- Pre-Contract Planning: Feasibility Studies, Risk Assessment, and Contract Strategy
- Contract Document Preparation: Request for Proposal (RFP), Tendering, and Contract Award
- Contract Negotiation: Strategies, Techniques, and Best Practices
- Contract Finalization: Execution, Notice to Proceed (NTP), and Contract Administration
Module 4: EPC Contract Management
- Contract Administration: Roles, Responsibilities, and Communication
- Progress Monitoring and Reporting: Earned Value Management (EVM) and Key Performance Indicators (KPIs)
- Change Management: Procedures, Impact Assessment, and Pricing
- Claims Management: Types, Procedures, and Resolution
- Dispute Resolution: Negotiation, Mediation, Arbitration, and Litigation
Module 5: Risk Management in EPC Contracts
- Risk Identification: Techniques, Tools, and Best Practices
- Risk Assessment: Qualitative and Quantitative Methods
- Risk Mitigation and Allocation: Strategies and Contractual Provisions
- Risk Monitoring and Review: Procedures and Tools
Module 6: EPC Contract Close-Out
- Contract Completion: Criteria, Procedures, and Certification
- Final Accounting and Payment: Procedures and Best Practices
- Lessons Learned: Documentation, Review, and Continuous Improvement
- Contract Close-Out: Formalities, Documentation, and Record-Keeping
Module 7: Practical Tools and Resources
- Contract Management Templates and Checklists
- EPC Contract Software and Tools: Overview and Best Practices
- Industry Standards and Guidelines: FIDIC, AACE, and Others
- Case Studies and Group Discussions: Real-World Applications and Lessons Learned
Course Features - Interactive and Engaging: Bite-sized lessons, hands-on projects, and gamification
- Comprehensive and Up-to-Date: Covers the latest industry trends, best practices, and standards
- Personalized and Flexible: Self-paced learning, lifetime access, and mobile accessibility
- Expert Instructors: Industry professionals with extensive experience in EPC contract management
- Certification: Certificate issued by The Art of Service upon completion
- Community-Driven: Discussion forums, peer-to-peer learning, and networking opportunities
- Actionable Insights: Practical tools, templates, and resources for effective project management
What to Expect Upon Completion Upon completing the EPC Contracts Mastery course, participants will: - Possess a deep understanding of EPC contracts, their structure, and components
- Be able to effectively plan, prepare, and manage EPC contracts
- Have the skills to identify, assess, and mitigate risks in EPC contracts
- Be equipped with practical tools and resources for effective project management
- Receive a certificate issued by The Art of Service, demonstrating their expertise and commitment to EPC contract management
,
- Possess a deep understanding of EPC contracts, their structure, and components
- Be able to effectively plan, prepare, and manage EPC contracts
- Have the skills to identify, assess, and mitigate risks in EPC contracts
- Be equipped with practical tools and resources for effective project management
- Receive a certificate issued by The Art of Service, demonstrating their expertise and commitment to EPC contract management