EPC (Engineering, Procurement, and Construction) projects are complex undertakings that involve a multitude of stakeholders, including owners, contractors, vendors, engineers, and regulators. According to recent studies, 70% of EPC projects experience cost overruns and schedule delays, resulting in billions of dollars in losses each year. Furthermore, 75% of EPC contract disputes are due to unclear scope definitions, contract ambiguities, and poor communication between parties. To mitigate these challenges, it is critical to have a comprehensive understanding of the legal, financial, and technical aspects of EPC contracts and projects, as well as effective project management and risk mitigation strategies.
This certified program will impart you with all aspects of the EPC contract process, from contract formation to close-out, and will provide you with in-depth insights into the key legal, financial, and technical aspects of EPC contracts. Participants will learn about the critical elements of an EPC contract, including scope of work, pricing, payment terms, and performance guarantees, and will explore best practices for contract administration, including performance monitoring, handling change orders, managing claims, and resolving disputes.
By gaining clear insights into EPC contract management, this program will protect you from costly delays, cost overruns, disputes, liabilities, and avoidable project risks. In addition, this program will hone your negotiation skills and equip you with powerful negotiation strategies including the use of game theory, behavioral economics, and negotiation psychology, to help you gain a competitive edge in their negotiations. Through engaging lectures, case studies, and hands-on exercises, participants will gain a deeper appreciation for the challenges and opportunities of EPC contract management and negotiation.
Upon successful completion of the program, you will earn the coveted Certification in EPC Contracts Management and Negotiation. This certification will elevate your professional credentials and demonstrate your expertise of critical knowledge in effectively managing EPC contracts and negotiating successful outcomes. This industry-recognized certification holds lifelong validity, offering a testament to your expertise and commitment to excellence in the EPC industry.
1 Chartered Institute of Professional Certifications' reviews and ratings are a comprehensive collection of participants feedback we have gathered over the last decade. To view authentic and personal testimonials that are handwritten by our participants, please download our participants' written reviews here.
This program will entitle you:
Download Brochure Pricing & RegistrationThis program is accredited by the Chartered Institute of Professional Certifications, which maintains the governing standards for all professionals who have completed this program.
The content of this program has been fully certified and accredited by CPD Certification Service as conforming to Continuing Professional Principles. CPD is the leading independent CPD accreditation institution operating across industry sectors to complement the Continuing Professional Development policies of professional institutes and academic bodies. The CPD Certification Service provides support, advice, and recognized independent CPD accreditation compatible with global CPD principles.
90% of EPC projects experience change orders, leading to increased costs and schedule delays, according to recent studies. Furthermore, 50% of these EPC contracts lack proper performance guarantees, leaving the buyer vulnerable to subpar performance from the contractor. These statistics highlight the importance of effective EPC contract management and negotiation to ensure project success and minimize risk.
This certified program will impart you with all aspects of the EPC contract process, from contract formation to close-out, and will provide you with in-depth insights into the key legal, financial, and technical aspects of EPC contracts. Participants will learn about the critical elements of an EPC contract, including scope of work, pricing, payment terms, and performance guarantees, and will explore best practices for contract administration, including performance monitoring, handling change orders, managing claims, and resolving disputes.
With a focus on practical knowledge and skills, this program will also empower participants with the ability to effectively address project delays, variations, claims, damages, and non-performance when a project goes awry. Additionally, participants will learn how to utilize effective dispute resolution processes, such as mediation, arbitration, and expert determination, to resolve any disputes that may arise.
Upon successful completion of the program, you will earn the coveted Certification in EPC Contracts Management and Negotiation. This certification will elevate your professional credentials and showcase your mastery of the critical knowledge in effectively managing EPC contracts and negotiating successful outcomes. This industry-recognized certification holds lifelong validity, offering a testament to your expertise and commitment to excellence in engineering and procurement contract management.
Goran Gelic is a highly experienced Principal in Russell Kennedy’s Dispute Resolution team, with over 15 years of expertise in infrastructure and energy. He specializes in construction, infrastructure, energy, renewable energy, utilities, water, and waste major projects, and is skilled in a variety of contract structures, tender package development, and complex procurement issues.
Goran's hard work and expertise have been recognized by Doyle's Guide Awards, naming him a Construction Law Rising Star, and the Australian Law Awards, where he was a finalist for Partner of the Year 2019, and received the Senior Associate of the Year Award in 2016.
Goran's exceptional skills, dedication, and experience make him an invaluable asset to any project. He is a trusted advisor to his clients and is committed to delivering outstanding results.
Upon successful completion of this program, you will be awarded the prestigious Certification in EPC Contracts Management and Negotiation that can be used in your resume, CV, and other professional credentials. With lifelong validity and global recognition, this designation will set you apart from your peers, demonstrating your expertise and critical knowledge in effectively managing EPC contracts and negotiating successful outcomes.
This program is developed by the Chartered Institute of Professional Certifications and the content of this program has been certified by CPD Certification Service as conforming to continuing professional principles.
You can download our program brochure below. If you have any inquiries on this program, please contact our Program Advisor at [email protected] or call us at:
Chartered Institute of Professional Certifications' reviews and ratings are a comprehensive collection of participants feedback we have gathered over the last decade. To view authentic and personal testimonials that are handwritten by our participants, please download our participants' written reviews here.
Securing approval from your boss to attend this program can be difficult if you don’t know what to say. So we’ve prepared a template for you! All you need to do is to download this template, copy and paste in email and send it to your boss!
EPC Contracts Management and Negotiation
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