EPC Contracts and Major Projects
(a Guide to Construction and Other Project Contracts)
By: Nigel Pritchard, John Scriven
This new edition provides highly practical guidance on the components of construction contracts for major infrastructure projects.
AI Overview
"EPC Contracts and Major Projects" by Nigel Pritchard, John Scriven, and Dan Cocker is a comprehensive guide to the components and variables of Engineering, Procurement, and Construction (EPC) contracts, particularly focusing on major infrastructure projects. Here is a detailed overview of the book:
Key Themes
- EPC Contracts: The book provides highly practical guidance on the components of construction contracts for major infrastructure projects, with a special emphasis on EPC contracts.
- Construction Financing, Procurement, and Competitive Bidding: It covers the financial, procurement, and competitive bidding aspects of construction projects.
- Letters of Intent and International Construction Contracts: The guide discusses letters of intent, international construction contracts, and design risk allocation.
- Environmental Matters: It looks at the environmental considerations and regulations relevant to major infrastructure projects.
- Insurance, Insolvency, and Performance Security: The book addresses insurance, insolvency, and performance security issues that are crucial in EPC contracts.
- Related Contracts: It covers related contracts such as joint venture agreements, appointments, operation and maintenance agreements, and direct agreements.
- Practical Tips and Warnings: The book features a wealth of practical tips and warnings at each stage of the contracting process.
Plot Summary
The book takes readers through the contracting process step-by-step, from the conceptual idea to the preparation of the contract itself. It includes:
- Setting the Scene: An introduction to the context and scope of EPC contracts.
- Choosing the Contractor and Form of Contract: Guidance on selecting a contractor and determining the appropriate form of contract.
- Preparing the Contract: Detailed steps for preparing the contract, including financial, procurement, and competitive bidding aspects.
- Related Issues: Discussions on related issues such as letters of intent, international construction contracts, and design risk allocation.
- Related Contracts: Coverage of related contracts like joint venture agreements, appointments, operation and maintenance agreements, and direct agreements.
Critical Reception
While specific critical reviews are not provided in the sources, the book is described as highly practical and comprehensive, making it a valuable resource for professionals involved in major infrastructure projects. The second edition has been updated to reflect current market practices and industry sector differences, indicating its relevance and usefulness in the field.
Availability
The book is available in various formats, including hardcover, and can be purchased from retailers like Sweet & Maxwell, Thomson Reuters, and Wildy. The price is listed as $741.00 for the hardcover edition, with estimated delivery times ranging from 3 to 6 weeks.
Conclusion
"EPC Contracts and Major Projects" by Nigel Pritchard, John Scriven, and Dan Cocker is a definitive guide for professionals involved in EPC contracts and major infrastructure projects. Its comprehensive coverage of key themes, practical guidance, and emphasis on current market practices make it an essential resource for anyone navigating the complexities of EPC contracts.