Developing EPC Contracts involves many different stakeholders from investors, developers, contractors, and equipment suppliers. Allocating risk to the party that is in the best position to manage and control the risk is important to keep costs contained. Factors such as technology, cost constraints, schedule, stakeholders, safety, and performance are just some of the major issues that affect risk allocation. Join us as we dive into a discussion on allocating risks through project delivery structures, limitation of liabilities, financial security mechanisms, and how to Texas-size the project with some unique Texas nuances for EPC Contracts.
Topics to be included:
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Project Delivery Structures
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Limitation of Liabilities
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Financial Security
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Texas Issues: Indemnification, Retainage, and Lien Waivers