EPCIC Contract Management & Essential Elements of International Contract Laws
Details
In the Oil & Gas construction and procurement business, the success of your project is dependent on your practical “know how” in contract management. Understanding the essential ingredients of contracts and mastering the fundamentals will equip you to identify vague contracts, avoid dangerous and often hidden terms, and better understand your position and your project.
petroEDGE has researched, developed and enhanced this 3-day workshop that covers important topics such as contracting strategies, liabilities of the parties, issues of indemnity warranties and guarantees. This workshop will provide you
with a forum to explore root causes behind disputes as ambiguous clauses or one sided contracts and strategies to deal with such scenarios.
To find out more, follow the link below:
https://www.petroedgeasia.net/course/PD217-EPCIC-Contract-Management-and-Essential-Elements-of-International-Contract-Laws
Outline
This workshop is facilitated such as to learn how to negotiate rigid contracts where contractors are not allowed to edit any clauses during the bidding process. You will learn from the Case Law Reports and analysis so as to take home lessons learned from bitter experiences of the peers in the industry. It is designed to help those who need a solution to manage current contractual issues or those who execute contracts on a daily basis and want to be more proficient in reviewing, administering or managing their contracts and projects.
Heads of EPCIC Business Units, Contracts Managers, Project Directors, General Managers and Project Managers, Corporate Legal Counsels, Procurements and Supply Chain Managers, Lawyers and Legal Professionals interested in EPCIC Segments of the Oil & Gas Industry.
- Gain Working Knowledge of the legal principles governing international Contracts from formation, execution to breaches, redresses and dispute resolution.
- Safeguard Corporate Interests by understanding the basic principles of contract management and learning simple contract language, so as to identify risks and develop risk mitigation techniques.
- Quickly Identify Dangerous Words/Phrases in the project correspondences, which could cost your company millions.
- Effectively Manage Risks of Your Projects, With Enforceable Contract Documents, by learning the purpose and potential benefits of maintaining evidence in compliance to the contract clauses.
- Learn the Contract Enforcement Nuggets of Owners and the Variation Claims Strategies of the Contractors from a practitioner, who has worked and consulted, for major EPCIC contractors in Oil & Gas segments and Offshore & Marine, construction yards.
- Effectively Use Your Project Execution Time by adopting the issue-spotting checklists and innovative tools for avoiding contractual pitfalls.
- Use of Contract Terms & Conditions for enhancing project performance, monitoring, reporting and achieving timely completion, thereby avoiding delays and disputes.
On completion of the workshop, the participants will be able to apply the following:
- How to manage Contractors and Owners representatives
- How to build the case documents for negotiating all valid claims of the project, in accordance with the contract
- How to ensure that Variations Order claims are rightfully claimable and well substantiated with proper documents
- How to interpret contracts and modify the contract conditions according to the changes in the project context and or scope
- When and how to obtain / grant extension of time (EOT) and costs
- How to manage sub-contractors when reviewing requests for additional claims, extension of time and advance payments
- Ability to identify rights and obligations of each party to a contract instead of making subjective decisions
- Ability to be firm in negotiations without violating terms of the agreements
- Ability to spot different legal systems, contract laws and arbitration rules
- Ability to negotiate and avoidance of disputes and resolution in amicable manner, in accordance with the provisions of the contract
- Improvement in writing skills for commercial correspondences; and
- Competency in developing and maintaining documentary evidence and traceability for all works executed during the project.
Speaker/s
Jayems Dhingra is the principal consultant with Tiberias Management Consultants, specialising in the marine, offshore and onshore oil & gas, power and process plants industry segments. Over a 40 year period, Jayems has worked and consulted among other industries, longest with the marine asset owners / operators, heavy engineering & construction industries. The industry verticals are encompassing major oil and gas engineering construction yards, EPCIC contractors for pipelines and power plants, Ship owners and Shipyards engaged in offshore systems fabrications & Ship Repairs in Asia and Europe.
Special Offer
Normal fee: SGD 4,455.00
Early Bird Promo: SGD 4,255.00
Related Courses
