Project Partner Structuring in EPC Contracts

Description

This Skill Bit shows that Project Partner Structuring involves organizing, financing, and managing complex projects through various models. In the Contractor Scheme, the owner contracts directly with a main contractor, who may subcontract work. The Consortium Scheme forms temporary alliances, sharing joint liability. Joint Venture Schemes create new entities, with partners sharing profits and losses. The choice of structure depends on the project’s nature, available resources, and risk management, ensuring successful completion through collaboration and risk-sharing.

Duration approx. 5 Min.

Tier: advanced