EPC Contract Risk Management Training in Thimphu, Bhutan

This course provides a comprehensive understanding of contract structures, risk allocation, and contract administration commonly used in EPC, EPCI, construction, and infrastructure projects. Participants will gain practical insights into contract types, payment mechanisms, risk management, and claims handling, with a strong focus on real-world application.

The program is designed to help professionals identify, allocate, manage, and mitigate contractual risks, administer contracts effectively, and handle variations and claims in accordance with contractual provisions and industry best practices.

Contract Types, Commercial Structures & Change Management

Introduction & Contracting Landscape

• Overview of project contracting in EPC / EPCI / construction environments
• Key stakeholders and contract lifecycle

Contract Forms

• Standard contracts: FIDIC, LOGIC
• Bespoke EPC / EPCI contracts
• Split-form contracts:
• E&P only
• Fabrication / construction only
• Key differences, advantages, and risk implications

Payment & Remuneration Mechanisms

• Lump sum contracts
• Cost-reimbursable / re-measurable
• Unit rates and Time & Materials (T&M)
• Convertible contracts
• Pros, cons, and suitability by project type

Change & Variation Management

• Variations vs amendments
• Change management process flow
• Pricing and schedule impacts
• Commercial and contractual risks arising from changes
• Practical examples and discussion

Risk Management & Contractual Protections

Risk Identification

• Technical risks
• Commercial and financial risks
• Legal and contractual risks
• HSE and regulatory risks

Risk Allocation & Responsibility Mapping

• Risk allocation principles
• Risk allocation clauses
• Risk matrix development
• Employer vs contractor responsibilities

Contractual Rights & Obligations

• Liability regimes and liability caps
• Insurance requirements
• Warranties and indemnities
• Liquidated damages (LDs)

Contractual Remedies

• Step-in rights
• Suspension rights
• Termination for cause and convenience
• Consequences of termination

Risk Mitigation Strategies

• Contractual and operational mitigations
• Case-based discussions

Contract Administration, Claims & Close-Out

Contract Kick-Off & Handover

• Contract kick-off meetings
• Roles, responsibilities, and governance
• Document control and communication protocols

Variation & Change Administration

• Change tracking and approvals
• Impact assessments (cost and time)
• Maintaining contemporaneous records

Claims Management

• Claims management best practices
• Early warnings and notifications
• Evidence preparation and substantiation
• Dispute avoidance and negotiation strategies

Types of Claims

• Extension of Time (EoT) claims
• Delay and disruption claims
• Additional cost claims
• Concurrent delay considerations

Key Contract Clause Linkages

• Injury and HSE incidents
• Property damage and third-party claims
• Pollution and environmental events
• Force Majeure
• Unforeseen site conditions

Performance Monitoring & Contract Close-Out

• Performance measurement and KPIs
• Cost control mechanisms
• Final accounts and close-out
• Lessons learned and best practices
• Certificate of Completion