The Owner’s remedies for breach and Change Orders in EPC Contracts

Description

This Skill Bit shows, that the Owner’s remedies for breach, detailed in the Contractor’s Default clause, include all specified contract remedies and should define the Owner’s exclusive recourse. Termination for default is allowed only after exhausting remedies like curing defaults or paying LDs. A notice period is usually required before action. In an EPC contract, the change order procedure allows the contractor to propose reasonable changes and recover extra costs, specifying initiation, evaluation, approval, documentation, timeframes, pricing, and dispute resolution to ensure fair and smooth change implementation.

Duration approx. 3 Min.

Tier: advanced