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 & Registration- Experience 2 days of instructor-led live program and in-depth learning on EPC contracts management and negotiation process
- Attain the industry-recognized Certification in EPC Contracts Management and Negotiation to demonstrate your expertise in managing complex EPC contracts
- Attain a competitive advantage by acquiring knowledge and skills in managing complex EPC contracts that are in high demand in the engineering industry
- This certification will enhance your professional credentials and open up new opportunities for career advancement and success in the field.
- For inquiries, chat with our Program Advisers at [email protected] or call us at
- Singapore and Asia Pacific: +65 6716 9980
- Australia and New Zealand: +61 3 9909 7310
- UK, Europe and Middle East: +44 (020) 335 57898
- USA: +1 888 745 8875
Accreditations
This 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.
What Can You Expect from This Live Program
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.
Key Skills You Will Gain
- FIDIC's Golden Principles
- EPC Contracts Structure
- Effective Contract Administration
- EPC Contract Formation
- Legal Aspects Of EPC Contracting
- Contract Risk Identifications & Management
- Contract Performance Management
- Contract Pricing Strategies
- Contract Payment Provisions
- Effective Negotiation Tactics
- International EPC Contract Management
- Commercial Considerations In EPC Contracting
- Contract Negotiation Techniques
- Variations And Claims Management
- Contract Closeout And Termination
- Dispute Resolution Strategies
- Quality Control And Assurance
- Contract Change Management Skills
- Stakeholder Management And Communication
- Contractual Obligations And Responsibilities
- Contractual Rights And Entitlements
- Contract Renewal And Extension Negotiation
- Scope Change Management
- Contract Interpretation
Your Faculty Director
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.
EPC Contracts Management and Negotiation Program Agenda
How You Will Benefit
- Gain a comprehensive understanding of the EPC contract management and negotiation process, and develop the skills and knowledge to effectively manage EPC contracts.
- Learn how to identify and manage project risks, and develop a risk management plan for EPC contracts.
- Understand the different types of EPC contracts, and how to effectively negotiate and manage them.
- Develop the skills required to administer and measure EPC contract performance, and manage contract change effectively.
- Learn how to identify and resolve claims and disputes that arise in EPC contracts, and develop effective dispute-resolution strategies.
- Develop a strong understanding of the legal aspects of EPC contracting and the contractual obligations and rights of the parties involved.
- Understand the different types of payment terms in EPC contracts, and develop effective strategies for managing payment risks.
- Learn how to manage international EPC contracts and the cultural, legal, and commercial considerations for international EPC contracting.
Certification in EPC Contracts Management and Negotiation
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.
Pricing & Registration
Download Brochure
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:
- Singapore and Asia Pacific: +65 6716 9980
- Australia and New Zealand: +61 3 9909 7310
- UK, Europe and Middle East: +44 (020) 335 57898
- USA: +1 888 745 8875
EPC Contracts Management and Negotiation Reviews and Testimonials
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.
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EPC Contracts Management and Negotiation
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