EPC contracts offer efficiency, but unexpected events can disrupt timelines and budgets. Here’s how to ensure your contract protects your interests: By incorporating these provisions into your EPC contract, you take a conservative approach. It protects you from…
EPC contracts offer a streamlined approach to construction projects, but even the most meticulous plans can encounter unforeseen issues. Here’s why involving an insurance broker early on is a wise, conservative move. Insurance acts as a safety net, minimizing…
Imagine this: you’ve signed an EPC contract for a new building, excited to get started. Then, halfway through construction, you encounter unexpected soil contamination or buried utilities. Who’s responsible for the extra time and cost? In EPC contracts, it’s common for contractors…
Planning a major construction project requires clear communication and well-defined expectations. In the world of EPC contracts (Engineering, Procurement, and Construction), a solid foundation is essential for a successful outcome. This foundation starts with a clear understanding of when…
Contractor schemes are a popular choice for project execution due to their clear structure and defined roles. But like any approach, they come with potential pitfalls. Being aware of these challenges can help principals and contractors work together…
Contracts are the backbone of business interactions, but they come with inherent risks. Enter Contract Risk Management – the strategic approach of identifying, assessing, and mitigating potential risks associated with contractual agreements. In this blog,…
Unveiling the Essence of Contracts Contract management emerges as the linchpin of organizational success, an omnipresent force irrespective of size or scope. Intertwined in the very fabric of business operations, contracts wield influence over procurement,…
Introduction: Contracts are the backbone of business relationships, outlining expectations, responsibilities, and obligations. However, within the complex web of contract terms and conditions lie various risks that can disrupt operations, tarnish reputations, and lead to…
Introduction: Contracts are the cornerstones of business relationships, and they come with their own set of risks. However, effective contract management doesn’t stop at identifying these risks. To ensure that business operations run smoothly and…
