EPC (Engineering, Procurement, and Construction) contracts navigate a delicate balance between protecting the Contractor’s confidential information and ensuring the Owner’s rights to utilize that information for the project. A well-structured approach to confidentiality and Intellectual…
Effective change management is the cornerstone of successful EPC (Engineering, Procurement, and Construction) projects. The inevitable changes in scope, specifications, or timelines can stem from various factors, like unforeseen circumstances, evolving project needs, or regulatory…
In an EPC (Engineering, Procurement, and Construction) project, unforeseen circumstances or adjustments to the project scope are inevitable. A well-defined change order procedure is crucial for managing these changes smoothly and fairly for both the…
An EPC (Engineering, Procurement, and Construction) contract’s Contractor’s Default Clause is a critical line of defense for the Owner. This clause outlines the remedies available to the Owner if the Contractor breaches the contract. Key…
An EPC (Engineering, Procurement, and Construction) contract isn’t a one-way street. The Contractor also has remedies available in case of breach by the Owner. A well-drafted contract clearly outlines these protections for the Contractor. Here…
An EPC (Engineering, Procurement, and Construction) contract safeguards the Owner’s (Principal’s) interests by outlining rights and remedies available in case of breach by the Contractor. Here’s a breakdown of these key rights: Remember: Created by…
Tax and duty considerations can add complexity to EPC (Engineering, Procurement, and Construction) projects. A well-drafted contract ensures clear allocation of tax and duty responsibilities between the owner and the contractor. Here’s a breakdown of…
A successful EPC (Engineering, Procurement, and Construction) project relies on a well-defined payment schedule. Here are some key elements a well-crafted EPC contract should include regarding payment terms: By establishing clear and transparent payment terms,…
A well-defined EPC (Engineering, Procurement, and Construction) contract is the cornerstone of a successful project. One critical area for clarity is the process for delivery and acceptance of goods and services. Here’s what a well-crafted…
