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Certificate in Engineering, Procurement, and Construction (EPC) Contracts

Certificate in Engineering, Procurement, and Construction (EPC) Contracts

Why Attend

This course comprehensively analyzes Engineering, Procurement, and Construction contracts and their significance in the project life cycle. It covers the aspects of front-end engineering design (FEED), procurement, and site construction of the projects. The course describes the stakeholders' duties, obligations, and responsibilities, defines the scope of work (SOW), and discusses critical risk allocation issues. Participants will learn essential features such as hazard operability (HAZOP), hazard identification & risk assessment (HIRA), risk matrix, etc. They will discover necessary provisions to be incorporated in EPC Contracts to protect the company’s interests in quality, cost, and timely completion of the projects.

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Overview
Course Methodology

The instructional format combines the presentations by the course leader with plenty of interactive discussions to illustrate key learning points. The course also includes case studies related to different industries, followed by individual/group exercises.

Course Objectives

By the end of the course, participants will be able to:

  • Achieve a complete overview of EPC projects
  • Recognize the critical elements of a project plan and contracting strategy 
  • Develop an understanding of the risks involved and necessary aspects of the EPC contracts
  • Get acquainted with the EPC contract award process 
  • Gain insights into effective contract administration and performance management  
Target Audience

Project Managers, Contract Managers, Procurement Managers, Planning Managers, Financial Managers, Business Development Managers, Enterprise Risk Managers, Process Engineers, Operations and Maintenance (O&M) Engineers, Personnel from Oilfield Equipment Suppliers, Original Equipment Manufacturers (OEMs), and EPC Contractors.

Target Competencies
  • Understanding EPC contracts
  • Understanding EPC project lifecycle
  • Risk management
  • Understanding project management tools
  • Contract management
  • Understanding procurement processes
  • Vendor management
Course Outline
  • Overview and Significance of EPC Projects  
    • Conceptual study and other relevant factors   
    • Hazard Identification (HAZID)
    • Contracting strategy for EPC projects
    • Contractual structure
    • Front-end engineering and design (FEED)
    • Fixed price lump sum EPC contracts
  • Project Plan and Strategy
    • Success factors of the EPC project
    • Key project issues and drivers
    • Elements of the project execution plan (PEP)
    • Project control strategies
    • Project management office (PMO)
  • Risk Review and Critical Aspects in an EPC Contract  
    • Risk assessment
    • Risk probability/impact matrix
    • Quality, delivery, and cost
    • Interfaces in the project
    • Project reporting structure and milestones
    • Performance Guarantee (PG) and Liquidated Damages (LDs) 
  • EPC Contracts Award Process
    • Prequalification of contractors
    • Invitation To Bid (ITB)
    • Bid evaluation
    • Technical and financial gates
    • Letter of Intent (LOI) and Letter of Award (LOA)
  • EPC Contracts Administration and Performance Management   
    • Significance of effective contract administration
    • Measuring and evaluating EPC contract performance
    • Contract change management
    • Management of Change (MOC)
    • Variations, claims, and dispute resolution
    • Hook-up, commissioning, and project close-out
MPC
MPC Certifications
Meirc Professional Certificate (MPC)

MPC certified courses by Meirc Training & Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an MPC course and successfully complete the test on the last day, will receive a Meirc Professional Certificate (MPC), in addition to the one they receive for full attendance. MPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

List of Certified Courses
Schedule & Fees

2023 Schedule & Fees

Location & Date
16 - 20 Jul, 2023
Dubai
English
Venue to be assigned
10 - 14 Dec, 2023
Dubai
English
Venue to be assigned
Fees
Per participant

USD 5450

Fees + VAT as applicable

(including coffee breaks and a buffet lunch daily)

Discount Plans & Cancellations Policy

Meirc reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.

Tax Registration Number: 100239834300003

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