EPC PROJECT RISK, CONTRACT AND INSURANCE
EPC PROJECT RISK, CONTRACT AND INSURANCE
“Project
Risk Mitigation by Contract & Insurance”
August, 28th
-29th 2013 – The Papandayan Bandung
THE
COURSE
Engineering Procurement & Construction (EPC) Project is more popular recently. Much benefit gain by the
principal of the project. On the other side main contractor of EPC project must
plan carefully to execute the project. Project risk
management is one tools to manage project reach the objective of
project. Contract is the most important thing to brief scope
of work, obligation of each party, performance of the project. The good
contract should be shared responsibility to each party. Base on contract each
party involved fairly and ensure that commercial and technical specification
changes while the project shall be treat in balance. Contract should protect
the whole company or project stakeholders by
deliverable risk to the other parties in case of changes order turning out.
Ultimately, project team and stakeholders should be shield protected
administrative, technical and economical risk by fairly contract.
Insurance has important function to
protect the project properties, materials, equipments and the whole
stakeholders of business from the pure risk. Eventually, management should have
ability to protect the project and company properties with the capable
insurance to ensure that the whole of stakeholders safe to execute the
project.
Interactive presentation and best practice
discussion as the learning and sharing method will delivered by facilitator to
help participant understood and able to apply they knowledge easily.
COURSE OBJECTIVES
Training will provide to increase
knowledge regarding to nature of EPC Project. Participant can account project
cost, contingency and how to response risk. Participant may identify risk and
calculate the probability impact of positive events and decrease the
probability impact of adverse events to project objectively. Protecting and
minimizing project risk by fair contract and trusted insurance.
COURSE CONTENT
Session-1: Project Risk Management
Overview
·
Project Risk Management theory &
concept
·
How to identify project risk, response
& control
·
Iterate project stage until reach goal of
project
Session-2: Project Risk and Contract
Scheme
·
Explain various type of contract use in
project
·
Frame of right and obligations among
parties
·
How to bind partner in contract
·
How to received payment according to
contract
Session-3: Project Procurement Management
·
Procurment theory and concept
·
Step by step procure good and services
Session-4: Contract
·
Contract implementaion in a project
·
Step by step drafting & review
contract
Session-5: Project Risk Mitigation
·
Step by step mitigate project risk
·
Response risk by transfer risk to the
other party
Session-6: Contract for EPC Project
·
Engineering Procurement Construction
Project is the most complete project
·
Step by step explanation EPC Contract and
strategy for review EPC Contract
Session-7 : Insurance
·
Explanation how to use insurance to cover
project risk
·
Explanation types of insurance use in
project and typical covering by each policy
Session-8 : Specific Insurance for Project
·
Explain insurance for construction
·
Explain insurance for transporting goods
and material to the project
Session-9 :Regulation regarding to
procurment
·
Explain requirement to procure good and
services
·
Explain construction contract according to
ragulation
·
Explain contract standard using in
overseas
Case study
PARTICIPANT
·
Project Owner / principals
·
Contractor
·
Project consultant
·
Vendor/supplier
·
Insurance
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