Engineering Contracts

PGP/CONTRACT

Who should attend?

  • Engineering contracts related to refining, petrochemicals and chemicals significant capital projects.
Audience :
  • Project engineers from owners or contractors, involved in the project-related contractual processes.

Level : Proficiency

Course Content

  • CONTRACTUAL STRATEGY

      • Various engineering contract types, advantages and drawbacks. Selection of the best strategy.
      • Main equipment purchase. Validation of the FEED specifications.
      • Interfaces between contracts. Relationship with major international contractors and local design offices.
      • Management of single-source and monopoly situations. Open bid process.
  • BIDDING & SELECTION PROCESS

      • Prequalification. Instructions to tenderers. Technical and administrative specifications.
      • Planning and scheduling. Bid evaluation process. Technical alignment. Selection of the best bidder.
      • Management of financial risks (inflation and exchange rate variations).
      • Final selection, contract award. Single-source contract. Negotiation process.
      • Preparation of the bid response by contractor. Regulations. Risk assessment and reduction.
  • CONTRACT CONTENTS

      • Agreement (articles and attachments). Examples of the main chapters. Supplier lists.
      • Insurance and warranty provisions. Mutual no-claim agreements.
  • CONTRACT ADMINISTRATION

      • Placing orders and modifications. Progress measurement and control.
      • Management of claims. Project closing, acceptance, activation of warranty.
      • Principles and process of negotiation during contract execution.

Learning Objectives

  • Upon completion of the course, the participants will be able to:
  • select the best type and scope for the engineering contract,
  • organize the tendering process and select the best bidder,

Ways & Means

  • Practical case studies.