2 Nick Henchie is a partner in the International Construction and Engineering group of Mayer Brown. See for example
In contrast an EPCM contract is a professional services contract which has a radically different risk allocation and different legal consequences. Services
2 For a more in-depth look at such procurement strategies see Nick Henchie and Phil Loots
11 févr. 2021 13 Phil Loots Nick Henchi
12 For a more in-depth look at such procurement strategies see Nick Henchie and Phil Loots
substantiated and the feasibility of applying the EPC contract for the cost optimization was proven. Worlds Apart: EPC and EPCM Contracts: Risk issues.
The FIDIC Silver Book was produced in 1999 in response to a perceived need for a 'Worlds Apart: EPC and EPCM contracts: Risk Issues and Allocation'
prost?edí a vzorové obchodní podmínky FIDIC pro dodávky na klí?. Loots P.; Henchie
risk issues in different levels with higher performance. Loots P. and Henchie
Risk assignment – Collaborative contracts – Alliance contract – FIDIC contracts – “Worlds Apart: EPC and EPCM Contracts: Risk issues and allocation” ...
Worlds Apart: EPC and EPCM Contracts: Risk issues and allocation By Phil Loots and Nick Henchie2 Introduction For many years now it seems that the most desired way for an Owner to procure a major construction project particularly one being project financed was via a fixed price lump
under the FIDIC Silver Book subject to limited exceptions the contractor assumes the risk for any deficiencies in the initial design of the employer which the contractor is required to complete The use of standard or model forms of EPC contract saves time for the parties and has the potential to reduce transaction costs
EPCM Contracts: Project delivery through engineering procurement and construction management contracts Introduction There has been a significant shift in contracting strategy within the construction market in recent years particularly regarding traditional risk allocation In many countries enjoying favourable economic conditions it
An epc contract is a design and construct contract where a single contractor broadly takes responsibility for all elements of the design (engineering) construction and procurement In contrast an EPCM contract is a professional services contract which has a radically different risk allocation and different legal consequences
FIDIC standard forms are generally known as being well balanced because both parties bear parts of the risks arising from the project However in the eyes of English contractors and lawyers there is nothing too bad in assuming risk (Pickavance Delay and Disruption in Construction Contracts 2 28) There are