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Understanding EPC Contracts (Basic Level)
Basic Points
Downloadable Presentation Slides(read-only)
What is an "EPC"? (1:18)
Flow of EPC Contracts (1) (1:56)
Flow of EPC Contracts (2) (6:20)
Key Points of EPC Contracts (5:26)
What is a Fixed Price Contract? (5:50)
What is a Cost Plus Fee Contract? (4:44)
Understanding the Challenges of EPC Contracts (7:09)
Practical Points-Contract Price-
Owner's Failure to Pay the Contract Price (1) (6:03)
Owner's Failure to Pay the Contracrt Price (2) (3:08)
Owner's Railure to Pay the Contract Price (3) (4:52)
Parent Company Guarantee (3:15)
Practical Points-Liability-
Delay Liquidated Damages (Delay LD) (8:34)
Test Prosedure (2:22)
Performance Liquidated Damages (Performance LD) (7:52)
Defect Liability / Warranty (6:33)
Limitation of Liability (First Type) (4:12)
Limitation of Liability (Second Type) (5:54)
Exceptions to LOL (Third Party's Liability) (3:08)
Exceptions to LOL (Gross Negligence) (5:19)
Liability and Cost (7:47)
Bank Guarantee / On-Demand Bond (5:57)
Risk of Loss (6:22)
Practical Points-Claim-
Claim Procedure (10:58)
Owner's Position on Claims for EOT and Additional Costs (8:32)
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Owner's Failure to Pay the Contract Price (1)
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