
Understanding and Negotiating EPC Contracts, Volume 1
The Project Sponsor's Perspective
- 244 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Understanding and Negotiating EPC Contracts, Volume 1
The Project Sponsor's Perspective
About this book
In Understanding and Negotiating EPC Contracts, Volume 1, Howard M. Steinberg presents a practical and comprehensive guide to understanding virtually every aspect of engineering, procurement and construction (EPC) contracts for infrastructure projects.
The 25 chapters in Volume 1 are supplemented with real-life examples and court decisions, and offer tactical advice for anyone who must negotiate or understand EPC contracts in connection with the implementation, financing or operation of infrastructure projects.
Emphasizing current market practices and strategic options for risk sharing, the book contains a narrative explanation of the underpinning of all of the issues involved in EPC contracting. Exhaustive in scope, it clarifies the fundamental commercial principles and pitfalls of "turnkey" contracting for all types of capital investments ranging from electrical and thermal power generation (including combined heat and power, nuclear, wind, solar, natural gas and coal) to refining, to chemical processing to LNG liquefaction and re-gasification to high speed rail, bridging, tunneling and road building. Providing clear and thorough analyses of the issues and challenges, this volume will be of great value to all those involved in complex construction projects.
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Information
Table of contents
- Cover
- Half Title
- Series Information
- Title Page
- Copyright Page
- Table of contents
- List of figures
- Reader’s Note
- Foreword
- About the Author
- Introduction
- Chapter 1 A Historical Perspective
- Chapter 2 Choosing a Development Approach
- Chapter 3 The EPC Contractor’s Approach
- Chapter 4 Beginning the Evaluation Process
- Chapter 5 Full-Scale Development
- Chapter 6 Philosophy of the EPC Contract
- Chapter 7 Subcontractors
- Chapter 8 Site or Route Survey
- Chapter 9 The Work
- Chapter 10 The Sponsor’s Obligations under the EPC Contract
- Chapter 11 Monitoring the Progress of the Work
- Chapter 12 Unforeseen Circumstances, Adjustments and Change Orders
- Chapter 13 The EPC Contractor’s Failure to Perform
- Chapter 14 The Owner’s Failure to Discharge Its Responsibilities
- Chapter 15 Unexpected Market Conditions
- Chapter 16 Testing and Completion of the Work
- Chapter 17 Liquidated Damages for Delay and Impaired Performance
- Chapter 18 The EPC Contractor’s Warranties of the Work
- Chapter 19 Security for the EPC Contractor’s Performance
- Chapter 20 Limitations on Overall Liability and Contract Expiration
- Chapter 21 Payment for the Work
- Chapter 22 Title and Other Legal Matters
- Chapter 23 Indemnification and Insurance
- Chapter 24 Dispute Resolution and Governing Law
- Chapter 25 Interested Third Parties
- Afterword
- Table of Case Citations
- Index/Glossary