EPIC Contract Law (Legal, Commercial and Financial)

EPC (Engineering, Procurement and Construction) is a very challenging area and is very competitive as well. Companies dealing with large and complex EPC projects are more often involved in mitigation by complex contract laws and management that lead to huge financial loss. It is very important to Know-how EPC contract laws, their commercial and financial aspects, to gain skills and ability to deal with complex contract laws and reduce the risk.

EPIC Contract Law provides a comprehensive understanding of the legal, commercial, and financial principles governing Engineering, Procurement, Installation, and Construction (EPIC) projects. The program focuses on how EPIC contracts are structured, negotiated, and administered to ensure effective risk allocation, cost control, and contractual compliance throughout the project lifecycle.

Participants gain insights into key legal obligations, commercial terms, and financial mechanisms, including contract formation, roles and responsibilities of parties, payment structures, variations, claims, liabilities, warranties, and dispute resolution. The overview also highlights the financial implications of EPIC contracts, such as cash flow management, cost recovery, risk pricing, and financial exposure.

This training equips professionals with the practical knowledge required to manage EPIC contracts effectively, minimize disputes, protect commercial interests, and ensure successful project delivery from both legal and financial perspectives.