EPC Contracts and Major Projects

• Provides a guide to the components of engineering, procurement and construction contracts for major projects
• Takes an in-depth look at the issues covered by EPC contracts identifying what those contracts cover and what are the variables and negotiating points
• Examines the approach to and issues arising in respect of contracts related to EPC contracts including letters of intent, bonds and guarantees and direct agreements
• Examines many of the issues covered in the context of PFI/PPP projects, addressing the interrelationship between the construction arrangements and other project contracts including concession agreements
• Examines other procurement options, such as engineering, procurement and construction management (EPCM) contracts
• It looks at how the risks in projects can be allocated and managed by the project participants and the interface issues which exist between construction and operation subcontractors
• Provides a comprehensive list of the issues covered by each project contract and operates as a checklist for the parties preparing and negotiating such contracts
• Covers other related project contracts including joint venture agreements, consultant's appointments, operation and maintenance agreements and concession agreements
• Discusses construction financing, procurement, competitive bidding and environmental issues
• Includes references to market practice and particular industry sectors where relevant
  

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