EPC contracts are designed for efficiency, but unforeseen circumstances or project refinements can necessitate changes. A well-defined “change order procedure” clarifies how these adjustments are handled, promoting a smooth project flow and minimizing disputes. Here’s a breakdown of…
An EPC contract outlines roles, responsibilities, and expectations for a successful project. But what happens if the contractor falls short? A well-defined “Contractor Default” clause empowers you, the owner, to address breaches and protect your investment. Here’s a breakdown of key…
EPC contracts offer streamlined project execution, but navigating the complexities of taxes and duties can be a challenge. Here’s a breakdown of key considerations to ensure a smooth and cost-effective project: Remember: Consulting a tax professional is…
EPC contracts offer a structured approach to project delivery, but what happens if the owner fails to uphold their end of the bargain? Understanding your rights as a contractor is essential to protecting your business. Here’s a…
EPC contracts streamline project execution, but what happens if the contractor falls short? Understanding your rights and remedies as the owner is crucial for safeguarding your project. Here’s a breakdown of key provisions that empower you: Consulting…
EPC contracts involve significant investment. While you choose a reputable contractor, safeguarding your project with additional security measures is wise. Here’s how bonds, guarantees, and parent company guarantees can provide peace of mind: Remember: Consulting a legal professional is recommended…
When entering an EPC contract, you expect the contractor to deliver a project with competence and care. But what happens if their actions (or lack thereof) cause serious harm? This is where understanding “gross negligence” becomes crucial. Remember: Don’t…
EPC contracts are complex, but clear provisions can minimize surprises and protect your business. Here’s a breakdown of two key clauses that promote clarity and limit liability: By including these clauses in your EPC contract, you promote…
In an EPC contract, both parties share risks. But what happens if someone gets hurt or property is damaged? Indemnity clauses define who is financially responsible for such situations. Here’s how to ensure these clauses protect your business…
