Epc Contracts And Major Projects

This new edition provides highly practical guidance on the components of construction contracts for major infrastructure projects.

In Understanding and Negotiating EPC Contracts, Volume 1, Howard M. Steinberg presents a practical and comprehensive guide to understanding virtually every aspect of engineering, procurement and construction (EPC) contracts for infrastructure projects. The 25 chapters in Volume 1 are supplemented with real-life examples and court decisions, and offer tactical advice for anyone who must negotiate or understand EPC contracts in connection with the implementation, financing or operation of infrastructure projects. Emphasizing current market practices and strategic options for risk sharing, the book contains a narrative explanation of the underpinning of all of the issues involved in EPC contracting. Exhaustive in scope, it clarifies the fundamental commercial principles and pitfalls of "turnkey" contracting for all types of capital investments ranging from electrical and thermal power generation (including combined heat and power, nuclear, wind, solar, natural gas and coal) to refining, to chemical processing to LNG liquefaction and re-gasification to high speed rail, bridging, tunneling and road building. Providing clear and thorough analyses of the issues and challenges, this volume will be of great value to all those involved in complex construction projects.

This book is a step-by-step practical guide on how to achieve successful projects in EPC/turnkey contracting and construction. Mapping out the shape of a project, the book spells out where things often go wrong, where and why disputes arise, and how to avoid conflicts. It is a key reference point for all involved in the contract, making it attractive to legal practitioners, construction industry professionals, and government officials involved with these projects.

Many of the books on construction risk management concentrate on theoretical approaches to the accurate assessment of the overall risks of taking on a new project. Less attention is paid to the typical risks to which the operational level of a project is exposed and how operational managers should approach those risks during project implementation. This book identifies precisely where the major EPC/Design-Build risks occur within an operational framework and shows how best to deal with those risks. The book attempts to offer practical advice, approaches and tools for dealing with risks to which the various operational departments are exposed.

Welcome to the fascinating world of EPC Transitioning from ‘engineering institution’ to the ‘corporate world,’ can be a major change and a challenge for any fresh graduate. In this dynamic environment, it becomes crucial to choose the right industry, plan for career growth, and gain knowledge about the chosen field. This handbook is targeted for those, entering the EPC market, specifically the energy sector, and looking for lucrative career growth, in this market. Engineering Procurement Construction (EPC) has emerged as the preferred option for executing major projects across various industries. This handbook primarily focuses on the oil and gas industry, a vital sector that accounts for approximately 50 percent of the world's resources. The fundamentals of project execution through EPC contracts are explained clearly and concisely, enabling easy comprehension. While not an academic textbook, this handbook serves as a practical resource for young and aspiring engineers embarking on their professional journey. Professionals already immersed in this industry can acquire comprehensive expertise spanning all facets of EPC execution. It offers valuable insights and practical tips to navigate the intricacies of the EPC market, in simple language. Let this handbook be your trusted companion as you embark on a fulfilling career in the industry. Once again…. Welcome to the fascinating world of EPC

With a chapter on public procurement by Sarah Hannaford ; A commentary on JCT forms of contract by Adirian Williamson, and a commentary of the infrastructure conditions of contract by John Uff