Project Management for EPC Contracts
Project Management for EPC Contracts
OBJECTIVES
- Conduct strategic analysis as a precursor to understanding strategic sourcing & its impact on supplier selection
- Understand EPC and other project specific contracts to identify assignable causes for the successes and failures of EPC contracts
- Effectively plan & prepare for a tender call or RFPs to form of Cross Functional
- Sourcing Teams and define the Scope of Work (SOW)
- Review Performance Measures to understand the process for score carding and develop the basis for establishing the KPI
- Gain insights into contract clauses, reason behind them and their impact to draft key element of the contract
WHO SHOULD ATTEND?
- General Managers
- Project managers, Project engineers
- Purchasing, sourcing and supply management professionals
- Sales contracting professionals
- Contract lawyers and attorneys
- Contra ct management professionals
- End-users who impact, or are impacted by, the contracting process
- Finance professionals involved in contracting
- Operational managers
- Commercial relationship managers
COURSE OUTLINE
STRATEGIC ANALYSIS AS A PRECURSOR FOR CONTRACTS
- Understanding strategic sourcing & its impact on supplier selection
- Pre-qualification of suppliers (Approved Supplier List)
- Market Intelligence: performing SWOT of potential vendors
- Importance Internal Alignment in Projects
EPC CONTRACTS EXPLAINED
- EPC and other project specific contracts
- Memorandums of Understanding
- Master Services Agreement
- Differences between EPC/EPCM/EPCICM
- FEED
- Advantages & disadvantages of EPC contracts (Break out session)
- Assignable causes for the successes and failures of EPC contracts
- FIDIC Contracts
SECURING COMMITMENT & TEAMWORK FOR CONTRACTS
- Need for a Terms of Reference
- Stakeholder alignment
- Effective Teamwork
- Value for Money explained
- Key points in evaluation criteria
- A typical Evaluation criteria matrix
- Lessons learned from court cases & experience
HOW TO EFFECTIVELY PLAN & PREPARE FOR A TENDER CALL OR RFPS
- Terms of Reference (TOR): need and format explained
- Formation of Cross Functional Sourcing Team (CFST): why is this essential;
- SOW
- Essential elements of SOW explained
- Construct a SOW (exercise)
- Rules during the RFP process
HOW TO CONSTRUCT A COMPREHENSIVE RFP/TENDER PACKAGE
- Understand when you need a RFI, RFQ, RFP, or a tender and their differences
- 3 critical elements to follow in a RFP
- Understand the key points for a RFP document
- Understand the 2 stage process for complex agreements
- Terms to ensure avoidance of claims
- Creating a RFx & Bid Package for an EPC contract (TOC)
DRAFTING KEY ELEMENTS OF A CONTRACT
- Understand the key elements of a EPC contract
- Review of Clauses, reason behind it and its impact
- Case study
- Prepare a TOC for an EPC Contract
EFFECTIVELY ADDRESS RISK THROUGH CONTRACT TERMS
- Understanding risk & its impact
- How to identify risks
- How to allocate risk through contract terms
- How to secure against risks
- Risk assessment & reporting