Pideya Learning Academy

EPCIC Contract Management in Offshore and Marine Industry

Upcoming Schedules

  • Live Online Training
  • Classroom Training

Date Venue Duration Fee (USD)
21 Jul - 25 Jul 2025 Live Online 5 Day 2750
29 Sep - 03 Oct 2025 Live Online 5 Day 2750
10 Nov - 14 Nov 2025 Live Online 5 Day 2750
24 Nov - 28 Nov 2025 Live Online 5 Day 2750
20 Jan - 24 Jan 2025 Live Online 5 Day 2750
31 Mar - 04 Apr 2025 Live Online 5 Day 2750
14 Apr - 18 Apr 2025 Live Online 5 Day 2750
30 Jun - 04 Jul 2025 Live Online 5 Day 2750

Course Overview

The offshore and marine sectors continue to play a pivotal role in global economic development, driven by rising demand for energy, expanding port infrastructure, and the growth of offshore renewable projects. At the core of these complex developments lies the EPCIC (Engineering, Procurement, Construction, Installation, and Commissioning) contracting model, which has become the industry standard for delivering turnkey offshore projects. These contracts assign a single point of accountability to the contractor, covering the entire project lifecycle—from conceptual design through commissioning and handover. However, the all-encompassing nature of EPCIC contracts introduces significant exposure to financial, legal, and operational risks if not managed with precision and clarity.
To address these challenges and equip industry professionals with the knowledge needed to navigate this demanding contract environment, Pideya Learning Academy introduces the specialized training course titled “EPCIC Contract Management in Offshore and Marine Industry.” This program is designed to develop in-depth understanding and strategic skills in drafting, negotiating, and managing EPCIC contracts, with a focus on achieving alignment between commercial intent and enforceable contractual terms.
The critical importance of effective contract management in offshore projects is supported by recent industry data. According to McKinsey & Company (2023), nearly 65% of major project cost overruns stem from mismanaged contracts and poorly defined risk allocation frameworks. Furthermore, Statista projects that the global offshore engineering market will surpass USD 130 billion by 2027, underlining the continued reliance on robust EPCIC agreements to deliver high-value offshore developments. In this landscape, strong contract governance is not just a legal necessity—it is a strategic differentiator.
Throughout the course, participants will gain the skills to interpret contract terms, draft legally sound clauses, and proactively mitigate disputes that often arise in high-stakes offshore projects. The training takes a lifecycle approach—exploring EPCIC contracts from pre-tender phases to post-completion review—ensuring that every phase is supported by effective contractual controls and governance practices.
Participants will gain invaluable insights through the following key learning highlights:
In-depth analysis of EPCIC contract structures, stakeholder roles, and legal foundations
Techniques to identify and mitigate operational and commercial risks
Comparative study of EPCIC and EPCM frameworks in offshore and marine environments
Exploration of enforceable clauses to manage change orders and performance obligations
Real-world case reviews on risk allocation and dispute management
Tools for drafting clear and conflict-free terms across the contract lifecycle
Alignment of procurement and legal strategies to maximize project outcomes
The Pideya Learning Academy course also includes focused attention on understanding industry-specific nuances such as international maritime laws, offshore liability regimes, contractor performance metrics, and the intricacies of managing subcontractor responsibilities under a primary EPCIC contract. Emphasis is placed on avoiding drafting ambiguities, ensuring the clarity of scope definitions, and embedding risk-sharing mechanisms to create a balanced contract framework.
This training is not just a theoretical exploration—it serves as a strategic toolkit for professionals who deal with multi-million-dollar contracts in dynamic offshore environments. The ability to draft and interpret contracts with foresight directly influences project timelines, cost control, legal exposure, and ultimately, project success.
Whether you’re involved in procurement, project execution, legal advisory, or risk oversight, this course will strengthen your ability to manage contract complexities with confidence and foresight. With increasing global focus on energy transition, offshore wind, and deepwater exploration, the capacity to structure and govern EPCIC contracts effectively will remain a cornerstone of competitive advantage in the marine and offshore industry.

Key Takeaways:

  • In-depth analysis of EPCIC contract structures, stakeholder roles, and legal foundations
  • Techniques to identify and mitigate operational and commercial risks
  • Comparative study of EPCIC and EPCM frameworks in offshore and marine environments
  • Exploration of enforceable clauses to manage change orders and performance obligations
  • Real-world case reviews on risk allocation and dispute management
  • Tools for drafting clear and conflict-free terms across the contract lifecycle
  • Alignment of procurement and legal strategies to maximize project outcomes
  • In-depth analysis of EPCIC contract structures, stakeholder roles, and legal foundations
  • Techniques to identify and mitigate operational and commercial risks
  • Comparative study of EPCIC and EPCM frameworks in offshore and marine environments
  • Exploration of enforceable clauses to manage change orders and performance obligations
  • Real-world case reviews on risk allocation and dispute management
  • Tools for drafting clear and conflict-free terms across the contract lifecycle
  • Alignment of procurement and legal strategies to maximize project outcomes

Course Objectives

After completing this Pideya Learning Academy training, the participants will learn to:
Evaluate the global and regional contracting landscape for EPCIC arrangements
Assess legal, commercial, operational, and financial risks in offshore and marine contracts
Distinguish between EPCIC and EPCM contract structures and their strategic implications
Navigate the complete lifecycle of EPCIC contracts—from pre-tender to post-completion
Construct enforceable clauses to address delays, cost escalation, and scope changes
Avoid drafting pitfalls and eliminate ambiguity in contractual terms
Integrate risk management approaches into contracting strategies
Strengthen negotiation techniques tailored to offshore and marine procurement environments

Personal Benefits

Participants of this training course will be able to:
Gain a comprehensive understanding of the EPCIC contracting framework
Learn how to analyze, draft, and interpret key contractual provisions
Improve risk identification and mitigation abilities in offshore projects
Build proficiency in negotiating terms aligned with project and legal goals
Acquire tools to handle contract modifications, claims, and dispute resolution
Increase confidence in managing stakeholder expectations through clear contract design

Organisational Benefits

By enrolling their team in this program, organisations will:
Improve contract performance across offshore and marine project portfolios
Minimize legal exposure through better risk management and contract clarity
Enhance cross-functional collaboration between legal, procurement, and project teams
Cultivate strategic thinking in drafting and negotiating complex EPCIC contracts
Prevent cost overruns by addressing ambiguities early in the contract lifecycle
Strengthen internal governance and compliance through structured contract management

Who Should Attend

This Pideya Learning Academy course is ideal for:
Contract Managers and Engineers
Procurement and Supply Chain Specialists
Legal Advisors and Commercial Officers
Risk and Compliance Officers
Project Directors and Commercial Operations Professionals
Anyone involved in negotiating or managing offshore and marine contracts

Course Outline

Module 1: Understanding EPCIC Delivery Models and Contractual Structures
Overview of EPCIC, EPC, and EPCM contracting approaches Strategic considerations in selecting EPCIC for complex projects Legal basis for forming engineering and construction contracts Role of contractor as a single point of accountability Impact of lump-sum fixed price arrangements Tax-efficient contract structuring with split agreements Applicability of EPCIC in offshore floating production systems Collaborative contracting to minimize adversarial risks
Module 2: Contract Formation and Tendering Procedures
Legal, technical, and financial criteria for contractor shortlisting Evaluation models for pre-qualification and bid scoring Importance of detailed scope of work, deliverables, and specifications Handling bidder deviations and exceptions: permissible vs. non-negotiable Structuring Letters of Intent (LOI) and Letters of Award (LOA) Legal enforceability of preliminary agreements Finalizing contract terms post-award Tendering process simulation and analysis of success factors
Module 3: Contract Negotiation and Allocation of Commercial Risks
Lifecycle risk identification and prioritization in EPCIC projects Negotiating delay penalties and escalation clauses Adapting contracts to evolving regulatory landscapes Integration of stabilization and change-in-law provisions Political risk mitigation through insurance and contractual language Defining and allocating force majeure events Termination clauses: with cause vs. without cause Commercial case studies on contract negotiation outcomes
Module 4: Engineering and Procurement Risk Management
Technology risk in design engineering and system integration Procurement risk from vendor selection and equipment specs Managing variation orders and scope creep Multi-currency and milestone-based payment structures Allocation of liabilities: indemnity clauses, caps, and thresholds HSE-related risk management clauses Delay analysis, LD enforcement, and EOT mechanisms Risk containment through carefully drafted liability clauses
Module 5: Project Completion and Contract Closeout Strategies
Defining completion: punch list handling and acceptance protocols Transfer of ownership and risk: title passage mechanics Insurance obligations throughout construction and commissioning Intellectual property rights in design and technical documentation Use of warranties and post-completion guarantees Clause limitations and exclusions for defects and liabilities Understanding latent defects and exculpatory provisions Post-completion contractual obligations
Module 6: Dispute Avoidance and Resolution in EPCIC Contracts
Recognizing early indicators of disputes in project delivery Structured approaches for dispute escalation and resolution Comparing dispute forums: negotiation, mediation, arbitration, litigation Drafting effective dispute resolution clauses in EPCIC contracts Managing disputes under international arbitration rules Documentation and evidence handling during conflict resolution Case studies on dispute settlements and arbitration awards
Module 7: Financial and Tax Considerations in EPCIC Projects
Tax exposure mitigation through contract structuring Withholding tax and VAT treatment in international contracts Project finance integration with EPCIC contracting Payment security instruments: performance bonds and guarantees Implications of currency exchange risks on contract execution Financial liability allocation and parent company guarantees
Module 8: Governance, Compliance, and Ethical Considerations
Corporate compliance in international contracting environments Anti-bribery and corruption clauses in EPCIC contracts ESG (Environmental, Social, and Governance) compliance in project delivery Stakeholder engagement and public sector accountability Transparency and audit rights in large-scale infrastructure contracts

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