eTextbook 978-1472423788 Understanding and Negotiating EPC Contracts, Volume 2: Annotated Sample Contract Forms

eTextbook 978-1472423788 Understanding and Negotiating EPC Contracts, Volume 2: Annotated Sample Contract Forms – Digital Instant Dowload.

Product details:

• ISBN-10 ‏ : ‎ 147242378X
• ISBN-13 ‏ : ‎ 978-1472423788
• Author: Howard M. Steinberg (Author)

Any project which involves an EPC contract is also likely to involve a number of other complicated contracts. The challenge of the parties to an EPC contract is not to try to eliminate risk but rather put into place a narrative structure that enables the parties to predict the contractual result that would obtain if a risk materializes. If the EPC contract does not allow the parties to determine the consequences of an unanticipated situation, they will have to look to an expert, mediator, tribunal, or court to impart guidance or pass judgment.

The sample forms of contract contained in Volume 2 of Understanding and Negotiating EPC Contracts are intended to serve as a guide to demonstrate how risks and responsibilities can be allocated among project sponsors, EPC contractors and the various other parties that may be involved in a project.

Table contents:

ARTICLE 1. DEFINITIONS

ARTICLE 2. INTENT

ARTICLE 3. COMMENCEMENT OF THE WORK

ARTICLE 4. RELATIONSHIP OF THE SPONSOR, THE CONTRACTOR AND SUBCONTRACTORS

ARTICLE 5. CONTRACTOR’S RESPONSIBILITIES

ARTICLE 6. REVIEW, INSPECTIONS AND AUDITING

ARTICLE 7. SPONSOR’S RESPONSIBILITIES AND RIGHTS

ARTICLE 8. TESTING AND COMPLETION

ARTICLE 9. GUARANTEES AND LIQUIDATED DAMAGES

ARTICLE 10. CONTRACT PRICE, PAYMENT AND CREDIT SUPPORT

ARTICLE 11. FORCE MAJEURE, HAZARDOUS MATERIALS AND SITE CONDITIONS

ARTICLE 12. REPRESENTATIONS AND WARRANTIES

ARTICLE 13. CONTRACTOR’S WARRANTIES

ARTICLE 14. TITLE AND RISK OF LOSS

ARTICLE 15. INSURANCE

ARTICLE 16. INDEMNIFICATION

ARTICLE 17. DEFAULT,235 TERMINATION AND SUSPENSION

ARTICLE 18. DAMAGES AND LIABILITIES

ARTICLE 19. ADJUSTMENTS

ARTICLE 20. DISPUTE RESOLUTION AND GOVERNING LAW

ARTICLE 21. MISCELLANEOUS