Showing 397–408 of 498 resultsSorted by latest
This Skill Bit shows that an EPC contract covers the logistics of getting materials and equipment to the project site on time and meeting specifications. The contractor handles shipping, customs, storage, inventory, and on-site movement, all requiring clear communication and coordination. Duration approx. 4 Min. Tier: advanced
This Skill Bit shows that EPC contracts ensure project quality through inspections & testing. The contractor follows a quality control program and performs inspections (e.g. materials, welding) and tests (e.g. performance) at various stages. Detailed records are kept and there are consequences for failing inspections or tests. Duration approx. 3 Min. Tier: advanced
This Skill Bit shows that an EPC contract sets a deadline (delivery limit) for project completion. This timeframe is crucial as it impacts cost and profit. While the complexity and contractor’s abilities are considered, external factors like permits, regulations, and even road access can affect the delivery limit. The contract should address delays and potential…
This Skill Bit shows an EPC contract, a step-by-step guide for large projects. It starts with feasibility studies and design, then moves to acquiring materials (procurement), building (construction), testing (commissioning), and finally handover with documentation and closeout. The exact order and timing can vary depending on the project. Duration approx. 3 Min. Tier: advanced
This Skill Bit shows that an EPC contract lays out the entire project lifecycle, from design (engineering) to building (construction) and ensuring everything works (commissioning). A well-defined scope of work in this contract avoids misunderstandings and delays by clearly outlining everyone’s responsibilities and deliverables. An EPC contract simplifies complex construction projects. One contractor handles everything…
This Skill Bit shows that international trade requires understanding export/import regulations, sanctions, and trade laws. This guide equips you to navigate these complexities, ensuring compliant and optimized contracts for smooth global business transactions. Duration approx. 3 Min. Tier: advanced
This Skill Bit equips contract managers with the knowledge of international trade agreements (WTO, FTAs) and negotiation strategies (multilateral vs. bilateral) to craft strong contracts that comply with global trade rules and unlock business opportunities. Duration approx. 3 Min. Tier: advanced
This Skill Bit shows that arbitration offers confidentiality, flexibility, and easier enforcement across borders, but can be expensive and lack appeal options. Litigation provides a structured framework and appeals, but faces challenges in jurisdiction, enforcement, and time. Consider these factors to choose the best dispute resolution method for your international contract. Duration approx. 5 Min….
This Skill Bit shows that int’l contract breaches are complex due to varying laws. Early detection, cultural awareness, and understanding legal indicators of non-compliance are crucial. Negotiation, mediation, and contractual remedies are preferred before litigation or arbitration. International treaties and choosing the right jurisdiction are important for effective dispute resolution. Duration approx. 5 Min. Tier:…
This Skill Bit shows that international contracts require understanding legal frameworks, authentication processes, and local regulations in all involved countries. Careful drafting, review, and adherence to formalities are crucial. Records, translations, and potential filings are essential. Using international standards and considering cultural norms promote smooth execution and strong relationships. Duration approx. 5 Min. Tier: advanced
This Skill Bit talks about successful international negotiations, which require navigating legal, cultural, and commercial complexities. Strategies to avoid misunderstandings, be culturally sensitive, and leverage intermediaries are crucial for securing a mutually beneficial contract. Duration approx. 3 Min. Tier: advanced
This Skill Bit shows that international contracts require special attention to IP protection due to varying IP laws across countries. Strong IP clauses, proactive strategies, and careful consideration of enforcement jurisdictions are crucial to safeguarding your valuable intellectual property in global trade. Duration approx. 5 Min. Tier: advanced
