It is seen that in many tenders, certain specified Terms and Conditions (T&Cs) are such that it could cause potential risks to Contractors during execution. A risk as we know is any uncertain event or condition that might affect the performance of a project. Such T&Cs should be identified during tender phase and mitigation measures need to be accordingly framed. This shall provide complete protection from undefined risks arising out of tender stipulation or due to circumstances beyond the control of Owner or contractor. Such T&Cs must be agreed between Customer / Owner and Contractor. The course provides detailed T&Cs with logical reasoning which are non negotiable and must be reflected in signed contract.
The course includes various types of such T&Cs related to Technical, Commercial, Scope of Work, Construction and schedule which are explained with examples and this will enable you to understand why it is of utmost important to freeze such critical T&Cs at the time of contract sign off and/or before bid submission
For handling such Non Negotiable T&Cs one need to be aware of Legal Lexicon which has also been explained. This will be helpful in understanding the concept of contract formation for projects with special emphasis on EPC projects.
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Non Negotiable T&Cs for Projects (Focus EPC Projects)
EPC PROJECTS
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Description
You will learn
✓ With regard to Financial aspect, essential clauses to be part of contract to protect Contractor from negative cash flow and payment security in general
✓ Regarding Technical aspect, Tender stipulation to accommodate OEM specific design to enable Contractors to qualify in Bidding process
✓ Legal Lexicon to explain the importance of each term and include in the contract with proper understanding for overall protection and trouble free execution
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How much does the Non Negotiable T&Cs for Projects (Focus EPC Projects) course cost? Is it worth it?
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Who is the instructor? Is Samiran Das a SCAM or a TRUSTED instructor?
The article regarding Safe and Secured contract and Target Pricing for EPC projects is of prime importance not only for the students but also for companies.
I have got unique experience in leading negotiations resulting in winning several safe and profitable contracts for Power Projects while working in M/s GE, M/s Alstom and M/s ABB.
It is apparent that objective of participation in a bid for any company is not only to win but also to frame a contract which gives commercial protection from all angles.
You will agree that in today’s uncertain situation it is utmost important to win contracts in order to survive
That is why Title of my submission is Deep Dive to Deliver in an Uncertain World and in this context, I am going to touch upon the exclusive method of developing TARGET PRICE for Upcoming Tenders focusing on EPC Projects which is very important to understand one’s position with respect to competition in the tender. I can tell you from my experience that there is no alternative to this.
The other course is Realize Tenders to secure a safe contract (Focus EPC projects) focuses on the preparedness that is required for any company for taking informed decisions for participation in any bid and achieve a safe and secured contract for turnkey / EPC projects.
In this climate of ever-changing regulations and growing number of technology and competition and challenges, market intelligence, formulation of right strategies is an important aspect for winning and sustaining business..
I am certain that you will find my course and presentation slides interesting and will provide me an opportunity to interact with you where we can exchange views and enrich our knowledge
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