Key Clauses in EPC Contracts: Approvals, Consents, Delivery and Acceptance

Description

This Skill Bit shows, that an EPC contract specifies essential permits and licenses, such as environmental or zoning approvals, assigning responsibility and timelines to prevent delays. It outlines consequences for missing deadlines, including suspension or liability for damages. The contract also defines delivery and acceptance terms, specifying delivery conditions (e.g., FOB or CFR), risk transfer, and acceptance procedures. It includes provisions for inspections, testing, and documentation, linking acceptance to risk transfer, retention payments, performance bonds, and warranty periods. A “Care of the Works” clause ensures smooth handover responsibilities.

Duration approx. 4 Min.

Tier: advanced