Engineering, Procurement, and Construction (EPC) contracts serve as the backbone of many large-scale infrastructure projects across various industries, including energy, oil and gas, and transportation. These contracts encompass a broad range of activities necessary to…
A well-drafted contract is the cornerstone of any successful business relationship. It clearly outlines the rights and obligations of each party, minimizing the risk of misunderstandings and disputes. Here are some essential clauses that every…
Disputes happen. Even in well-crafted EPC contracts, disagreements can arise. That’s why having a clear dispute resolution clause is crucial. Here’s an example to consider: Dispute Resolution: This clause outlines the steps to follow if…
EPC (Engineering, Procurement, and Construction) contracts are all about shared responsibility. However, certain unforeseen site conditions can throw a wrench into the works. To manage these situations, EPC contracts often exclude or limit the contractor’s…
Ever wondered why an EPC contract sits idle even after it’s signed? The answer lies in the critical distinction between contract effectiveness and work commencement. While both are crucial stages in your project journey, they…
When embarking on complex, high-value projects, collaboration is key. This is where Project Partner Structuring comes in. It involves various strategies for organizing, financing, and managing such endeavors, particularly common in industries like construction, infrastructure,…
In the world of Engineering, Procurement, and Construction (EPC) contracts, contractual remedies play a crucial role. This blog post explores the types of remedies typically available to contractors and their implications. When Things Go Wrong:…
In the realm of EPC (Engineering, Procurement, and Construction) contracts, implied warranties act as unwritten assurances that the contractor will deliver professional-grade work. These warranties supplement express warranties in the contract, offering an extra layer…
In the world of Engineering, Procurement, and Construction (EPC) contracts, the Contractor’s Default clause plays a vital role in protecting the owner. Let’s explore this clause’s key components and implications. A Safety Net for the…
