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Mastering EPC Contract Strategy; Negotiation, Execution, and Risk Management

Mastering EPC Contract Strategy; Negotiation, Execution, and Risk Management

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Mastering EPC Contract Strategy: Negotiation, Execution, and Risk Management



Course Overview

This comprehensive course is designed to equip participants with the knowledge, skills, and expertise needed to master EPC contract strategy, negotiation, execution, and risk management. Through interactive and engaging lessons, participants will gain a deep understanding of the EPC contract lifecycle, from planning and negotiation to execution and close-out.



Course Objectives

  • Understand the fundamentals of EPC contracts and their applications
  • Develop effective negotiation strategies and tactics
  • Learn how to manage and mitigate risks in EPC contracts
  • Understand the importance of contract administration and management
  • Gain insights into the latest trends and best practices in EPC contracting


Course Outline

Module 1: Introduction to EPC Contracts

  • Defining EPC contracts and their scope
  • Types of EPC contracts (e.g., lump sum, unit price, cost-plus)
  • EPC contract lifecycle (planning, negotiation, execution, close-out)
  • Key players and stakeholders in EPC contracts

Module 2: Negotiation Strategies and Tactics

  • Understanding the negotiation process and its objectives
  • Developing effective negotiation strategies (e.g., principled negotiation, interest-based negotiation)
  • Learning negotiation tactics (e.g., anchoring, concession-making)
  • Managing conflict and difficult negotiations

Module 3: EPC Contract Risk Management

  • Identifying and assessing risks in EPC contracts
  • Risk mitigation strategies (e.g., insurance, guarantees, bonds)
  • Contract provisions for risk allocation (e.g., indemnity, liability)
  • Managing and resolving disputes

Module 4: Contract Administration and Management

  • Understanding the importance of contract administration
  • Contract management best practices (e.g., documentation, communication)
  • Managing contract changes and variations
  • Contract close-out and evaluation

Module 5: EPC Contract Execution

  • Understanding the execution phase of EPC contracts
  • Project management and coordination
  • Managing and controlling costs, schedule, and quality
  • Ensuring compliance with contract requirements

Module 6: Claims and Dispute Resolution

  • Understanding claims and disputes in EPC contracts
  • Managing and resolving claims and disputes
  • Alternative dispute resolution methods (e.g., mediation, arbitration)
  • Litigation and court proceedings

Module 7: Contract Close-out and Evaluation

  • Understanding the contract close-out process
  • Documenting lessons learned and best practices
  • Evaluating contract performance and outcomes
  • Improving future contract management and execution

Module 8: Advanced EPC Contracting Topics

  • Understanding advanced EPC contracting concepts (e.g., PPP, BOT, BOOT)
  • Managing complex EPC contracts and projects
  • Addressing emerging trends and challenges in EPC contracting
  • Future-proofing EPC contracts and strategies


Course Features

  • Interactive and engaging lessons with real-world examples and case studies
  • Comprehensive course materials, including video lectures, readings, and quizzes
  • Personalized support from expert instructors and peers
  • Up-to-date and practical knowledge of EPC contract strategy, negotiation, execution, and risk management
  • Real-world applications and hands-on projects to reinforce learning
  • High-quality content developed by industry experts and thought leaders
  • Certification upon completion, issued by The Art of Service
  • Flexible learning with self-paced online access
  • User-friendly interface and mobile-accessible platform
  • Community-driven with discussion forums and networking opportunities
  • Actionable insights and takeaways to improve EPC contract management and execution
  • Lifetime access to course materials and future updates
  • Gamification and progress tracking to enhance engagement and motivation


Certification

Upon completing the course, participants will receive a Certificate of Completion issued by The Art of Service. This certificate demonstrates expertise and knowledge in EPC contract strategy, negotiation, execution, and risk management.

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