C L A R I D E N 2-5 November 2015

Transcription

1 C L A R I D E N 2-5 November 2015 Knowledge for the world business leaders Raffles Dubai, UAE EPC Project Cost and Contract Management Week 2 Separately Bookable Seminars in 1 Location The two sessions are designed to provide participants with the necessary skills on managing, negotiating and administering EPC contracts as well as the techniques to manage dynamic project cost functions to ensure time, cost and quality KPIs are being met in projects while mitigating risks involved and improving overall project value. Participants are strongly encouraged to attend both sessions to maximize their learning and bring these skills back to their workplace. Session A: EPC Project Costs, Schedule & Quality Control 2-3 November 2015 (Monday & Tuesday) Christopher Lennon MBA, LLB, DipICArb, FCIArb, AIPN Director, Stone Falcon Corporate & Legal Consulting Ltd Leading Authority in Project Management and oil and gas industry with more than 25 years experience structuring and managing a complex EPC and supply chains projects Actively enhancing his project management expertise and has earned professional designations such as Master Project Manager (MPM), Certified International Project Manager (CIPM) and is a licensed PRINCE 2 practitioner Member of Association of International Petroleum Negotiators and Global Advisory Board of American Academy of Project Management Fellow of Chartered Institute of Arbitrators Session B: 4-5 November 2015 (Wednesday & Thurday) James Bremen Partner Herbert Smith Freehills Leading Authority in EPC contracts with 20 years of global experience across 25 countries being involved in the world s largest and most complex international EPC projects Prolific clientele base encompasses major oil and gas companies such as Saudi Aramco, ExxonMobil, Qatar Petroleum, Qatargas, Union Oil Company of California and Petronas Recognized by global legal publications including Chambers Global, IFLR, Super Lawyers and Guide to the World s Leading Construction Lawyers as one of the world s leading lawyers in major projects and project disputes in emerging markets

2 EPC Project Costs, Schedule & Quality Control Session A: 2-3 November 2015, Raffles Dubai, UAE Christopher Lennon MBA, LLB, DipICArb, FCIArb, AIPN Director, Stone Falcon Corporate & Legal Consulting Ltd Leading Authority in Project Management and oil and gas industry with more than 25 years experience structuring and managing a complex EPC and supply chains projects Actively enhancing his project management expertise and has earned professional designations such as Master Project Manager (MPM), Certified International Project Manager (CIPM) and is a licensed PRINCE 2 practitioner Member of Association of International Petroleum Negotiators and Global Advisory Board of American Academy of Project Management Fellow of Chartered Institute of Arbitrators Christopher Lennon is currently a director of Stone Falcon Corporate and Legal Consulting Ltd. A leading authority in project management with over 25 years of experience structuring and managing a complex EPC and supply chains projects, he is a Fellow of the American Academy of Project Management, holds the professional designations of Master Project Manager (MPM) and Certified International Project Manager (CIPM) and is a licensed PRINCE 2 practitioner. He is also actively involved in many renowned global organizations surrounding project management and the oil and gas industry including as a member of the Global Advisory Board of the AAPM, Member of the Chartered Institute of Arbitrators and a Member of the Association of International Petroleum Negotiators. Not only is he equipped with comprehensive experience in advising clients ranging from oil and gas industry to retail and distribution, Christopher also specializes within the Special Projects domain of Project Management and has amassed significant expertise in project management through his role in providing consultancy, professional training and academic teaching within this area, working with Project Managers internationally. He has taught Project Management courses at Master s level at both The Robert Gordon University and the University of Aberdeen and holds an MBA and a LLB from the University of Aberdeen. A prominent figure in EPC project management, Christopher has conducted a well-received specialized program for the Gas Exporting Countries Forum (GECF), which was attended by many country representatives and delivered guest lectures and professional training on the subject of refining as well as some of the underpinning contractual forms. He has also authored and facilitated online project management deliveries on the Fundamentals of E&P Logistics and Fundamentals of Project Management for his client based in London. Wealth Speaker is knowledgeable and interesting. Information is very useful. Good set of participants. - Vallianz Shipbuilding & Engineering Pte Ltd The trainer was very interactive and gave real life experiences, Good engagement with us students. Concise and defined course notes. - Petrofac Very engaging and competent speaker. Interesting and useful topics with case studies for every topic. - Kongsberg Maritime 2

3 EPC Project Costs, Schedule & Quality Control Session A: 2-3 November 2015, Raffles Dubai, UAE EXECUTIVE SUMMARY Program: Dates: Location: EPC Project Costs, Schedule & Quality Control 2-3 November 2015 Raffles Dubai, UAE Early Bird 1 (Register & pay by 10 September 2015): Early Bird 2 (Register & pay by 8 October 2015): Regular Tuition Fee: US$2,490 US$2,690 US$2,790 Group discount of 10% for 2nd participant from the same organization. For limited time only by 8 October 2015 register 3 participants and the 4th participant will receive a complimentary seat (One discount scheme applies). Program Essence: The International Journal of Science and Engineering uncovered that almost one third of EPC projects experienced cost overruns of 150% - 200% of the original cost estimate - a staggering blow to any organization s bottom line. Besides substantial cost overruns, ineffective management of your EPC projects may bring about damaging repercussions, such as compromised quality and delays in the project timeline, bringing about detrimental effects to the reputation of EPC contractors. However, most of these repercussions could have been mitigated by efficient and effective project management. This highly engaging 2-day program will guide you through your EPC project lifecycle - planning, scoping and cost management to ensure that your project objectives will be met. You will be equipped with essential skills required to ensure effective cost control and planning to prevent budget overruns, ensure quality and keep up with project timelines effectively to gain your client and organization s trust. Master proven techniques for managing project cost and schedule using Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) to ensure that your projects are delivered on time and without cost escalation. In addition, find out how you can effectively structure reporting requirements and responsibilities to track cost and forecast performance. To be led by Christopher Lennon, a leading authority with over 25 years of experience in project management and oil and gas industry, he will provide you with cutting-edge insight from the latest industry case studies surrounding project planning, project scoping and project risk management for you to devise and plan your own projects effectively and ensure that your project objectives are met. 3

4 EPC Project Costs, Schedule & Quality Control Session A: 2-3 November 2015, Raffles Dubai, UAE PROGRAM INTRODUCTION With increasing project sizes, scale and market maturity, the Middle East EPC sector faces uphill challenges amidst high growth potential. Managing EPC projects require special leadership skills and awareness to harness the challenges and thereby to create opportunities for success. This success is directly underpinned by focusing on efficient management of time, cost and quality. EPC project environment is uncertain and projects must be operated not only within this uncertainty, but also with many other multiple constraints. Hence, understanding a project lifecycle is important between stakeholders and resources to achieve the desired outcome. This highly interactive 2-day program is designed to provide you with an effective set of skills and knowledge and lead your project team effectively to manage the dynamic cost function from a commercial point of view. You will discover the interrelationship among various activities within the EPC project lifecycle and how each activity is equally critical in the success of your projects. Christopher will discuss the cost involved at each stage of your project lifecycle and the factors that may result in budget overruns. Designed for EPC contractors and companies involved in EPC projects, this program will address the three fundamental issues surrounding EPC projects - time, cost and quality. You will also uncover techniques such as the Work Breakdown Structure (WBS), the Work Package and the Cost Breakdown Structure (CBS) to provide major input to project task scheduling at the most detailed and accurate level possible. In addition, you will learn to estimate cost and deal with cost escalations and reductions to cover for potential risks. You will be equipped with the capabilities to structure and report the progress of your projects to your management and relevant stakeholders through cost tracking and performance forecast. At the end of the program, you will leave this course with pivotal techniques and the confidence to deal with any aspect of your EPC projects successfully. WHO WILL BENEFIT THE MOST This course is designed for Contract Administrators, Contract Managers & Contract Professionals, Supply Officers, Buyers, Purchasing Professionals and Procurement Officers, Project Co-ordinators, Project Managers and other Project Professionals, Claims Personnel, including Legal Advisers, Contract Strategists and Business Audit Officers, Sales and Marketing Managers, Claim Managers, Business Development Managers, Supply Managers, Trade and Export Finance Managers. LEARNING OBJECTIVES Avoid incurring cost overruns by integrating cost estimation into your project budgeting model Gain insight into how to prevent your company from incurring additional financial risks through cost engineering and acquire effective strategies to handle cost escalations and reductions for your projects Successfully manage the challenges in achieving time, cost and quality targets/goals for your organization s EPC projects Ensure that your project timelines and cost can be managed effectively using Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) Report your project progress to your management in a clear and timely manner by effectively tracking costs and project performance CPD CERTIFICATION DETAILS This course has been independently certified as conforming to accepted CPD guidelines. On average, this executive program contributes 16 hours towards your CPD. Delegates must register at the start and close of each workshop to be awarded a certificate of completion. 4

5 EPC Project Costs, Schedule & Quality Control Session A: 2-3 November 2015, Raffles Dubai, UAE PROGRAM AGENDA DAY ONE - Morning Introduction/overview - components of Project planning process Project Estimation and Scheduling Why manage project costs? The critical centrality of the project scope Project lifecycle - resource loading; lifecycle costs The WBS The work package The CBS Exercise begins DAY ONE - Afternoon Integrating cost and schedule Cost Estimating - component parts to process, comparison to similar projects Developing a base estimate Cost Escalation Cost Reductions Cost Engineering - some terminology and definitions The importance of monitoring and control TEAM EXERCISE DAY 2-2HRS The importance of information/ environmental scanning methodologies - PESTLE; 5 Forces; Scenario generation; SMART information communication /structuring reporting requirements Stakeholder management DAY TWO - Morning Key contractual issues Types of contractual forms Project variation orders The Project Budget Common methodologies of project budgeting top down/bottom up Costing out work elements Factors that impact upon a budget Budget overruns reasons why/influencing factors Team exercise Part 3 DAY TWO - Afternoon Cost Reporting and Control Ownership and reporting responsibilities Tracking costs and project performance Forecasting cost The relationship between cost estimate accuracy and contingency allocations 5

6 Session B: 4-5 November 2015, Raffles Dubai, UAE James Bremen Partner Herbert Smith Freehills Leading Authority in EPC contracts with 20 years of global experience across 25 countries being involved in the world s largest and most complex international EPC projects Prolific clientele base encompasses major oil and gas companies such as Saudi Aramco, ExxonMobil, Qatar Petroleum, Qatargas, Union Oil Company of California and Petronas Recognized by global legal publications including Chambers Global, IFLR, Super Lawyers and Guide to the World s Leading Construction Lawyers as one of the world s leading lawyers in major projects and project disputes in emerging markets James Bremen is a partner at Herbert Smith Freehills and has practised exclusively in construction law for 20 years. He has worked in claim resolution and project documentation including the drafting and negotiation of agreements between parties to construction projects in both traditional and relationship arrangements in over 25 countries and has been involved in some of the largest and most complex international engineering and construction projects in the world. His experience also includes acting as Counsel in some of the world s largest construction arbitrations under all the procedural rules in the oil and gas, power and major infrastructure sectors. He is considered as one of the world s leading lawyers in major projects and project disputes in emerging markets by renowned legal publications such as Chambers Global, IFLR, Super Lawyers, Guide to the World s Leading Construction Lawyers. Equipped with astute knowledge and comprehensive knowledge in project development and dispute resolutions both in the UK and internationally, James has also advised the State of Qatar and the Kingdom of Saudi Arabia on major infrastructure projects and disputes for over a decade. With specific industry expertise in mining, power, petrochemical, water and the infrastructure and construction sectors, he has amassed a significant clientele base across emerging markets, in particular Malaysia and the CIS countries, alongside all types of oil & gas clients, including IOCs and NOCs, with his most prolific clients including Saudi Aramco, ExxonMobil, Qatar Petroleum, Qatargas, Union Oil Company of California as well as Petronas, which he represented on all EPC, EPCM, FEED and infrastructure procurement aspects of its US$25 billion RAPID petrochemical and refinery complex project.he has recently advised developers on project financed projects in the Kingdom of Saudi Arabia, Dubai, Abu Dhabi, Libya, Yemen, Jordan, Iraq, Syria, Egypt and Qatar and has a deep understanding of bankability issues and the issues which are unique to emerging markets. James achieved a BA at the University of Queensland in 1997 and Bachelors of Commerce and Laws (Hons) from Griffith University in He has also produced some representative publications and speeches concerning the mining, construction, oil & gas and banking industries. Wealth of experience and insight he brings on complex projects, particularly in the petrochemicals sector. - Chambers Global, The seminars were highly informative and James is clearly very experienced in the EPC and major projects world. It was very relevant for us in our business. - Qatar Petroleum Extremely helpful and relevant. A very clear presentation style which kept the material interesting and the audience engaged. - National Oil Company of Namibia 6

7 Session B: 4-5 November 2015, Raffles Dubai, UAE EXECUTIVE SUMMARY Program: Dates: Location: 4-5 November 2015 Raffles Dubai, UAE Early Bird 1 (Register & pay by 10 September 2015): Early Bird 2 (Register & pay by 8 October 2015): Regular Tuition Fee: US$2,490 US$2,690 US$2,790 Group discount of 10% for 2nd participant from the same organization. For limited time only by 8 October 2015 register 3 participants and the 4th participant will receive a complimentary seat (One discount scheme applies). Program Essence: Today s EPC projects are becoming more complex and implemented on a much larger scale with large contract values. Based on a study conducted by Independent Project Analysis (IPA), the highly preferred EPC contract choice, EPC Lump Sum contracts, has a high failure rate of 61%, indicating long-drawn disputes and litigation issues will arise during the settlement process. To protect your organization from costly delays, cost overruns, disputes and liabilities, you need a clear strategy to effectively draft, manage and negotiate your EPC contracts. Through this highly interactive 2-day program, you will gain insight into structuring and administering your EPC contract life cycle from concept to delivery. Participants will be equipped with practical knowledge on successfully recognizing potential risks surrounding your EPC contracts by conducting EPC contract risk analysis and risk allocation based on your organization s project delivery model. Find out how to minimize, control and deal with EPC contract variations, to ensure that only unforeseen or clearly beneficial changes are implemented. Discover how to manage liquidated damages, liabilities and indemnities in the event of inadequate contract performance and project delays. Acquire vital skills for drafting and administering your contract terms and conditions based on time, cost and quality considerations to achieve your desired project outcome. In addition, find out how to manage and build valuable relationships with your vendors to avoid and resolve disputes and claims. Led by James Bremen, world renowned leading lawyer in major EPC contracts, you will be guided on real-world case studies on EPC contract management drawn from his wide experience in complex projects. You will gain greater awareness of the governing law clauses and current market practices to ensure that your EPC contracts are enforceable. Specially designed for professionals, both seasoned or new to EPC contract management, this program will allow you to gain a solid understanding of the various legal and commercial aspects of contract management in which EPC contracts are required to adhere. 7

8 Session B: 4-5 November 2015, Raffles Dubai, UAE PROGRAM INTRODUCTION In EPC projects, a contract that is not managed, controlled, monitored and implemented properly results in serious repercussions to the client and the contractor as well as to the consultant company, vendor and sub-contractor. Failure to meet the goals that they had for the project associated with the contract will lead to significant problems such as delayed schedules, cost overruns, quality, safety as well as costly litigation processes and disputes in the settlement process. To help reduce your firm s risk when dealing with your EPC project partners, this highly interactive 2-day executive program is designed to provide you with an in-depth understanding of the concepts surrounding the main elements of EPC contracts and their key risk issues. You will learn how to develop your very own EPC contract management plans, strategies and tactics to protect your company from uncertainty and complexities amid the dynamic and ever changing business environment which your firm operates in. Designed for non-legal professionals who are involved in third-party contracting, this program will engage participants in in-depth discussions, case studies and hands-on experience to maximize your learning experience and manage future EPC contracts effectively. Led by James Bremen, a world s leading lawyer in major EPC projects, he will impart proven techniques drawn from his wide experience in the world s largest and most complex projects to minimize your firm s liability in your EPC contracts and safeguard against ambiguities and risky clauses within your contracts. At the end of the program, you will leave with the necessary skills and techniques on how to manage and administer EPC contracts to improve project value, mitigate risk and ensure a successful outcome. Also, you can be assured to have all the bases covered to protect your company from costly and ineffective contractual arrangements. WHO WILL BENEFIT THE MOST This course is designed for Contract Administrators, Contract Managers & Contract Professionals, Supply Officers, Buyers, Purchasing Professionals and Procurement Officers, Project Co-ordinators, Project Managers and other Project Professionals, Claims Personnel, including Legal Advisers, Contract Strategists and Business Audit Officers, Sales and Marketing Managers, Claim Managers, Business Development Managers, Supply Managers, Trade and Export Finance Managers. LEARNING OBJECTIVES Forecast and minimize your company s risks for your EPC projects with effective contractual risk allocation based on your organization s project delivery model Ensure every contracting party of your EPC contracts fulfil its obligations with clearly-defined roles and wellstructured EPC contract administration process Devise effective claim management strategies to resolve claims quickly through early identification and analysis of potential types of claims Protect your organization from costly long-drawn legal disputes and litigation processes with effective dispute resolution strategies that achieve a desirable result for all contracting parties Establish a bargaining position that is beneficial to your company to negotiate for terms that will help you to meet your time, cost and quality goals in your EPC contracts CPD CERTIFICATION DETAILS This course has been independently certified as conforming to accepted CPD guidelines. On average, this executive program contributes 16 hours towards your CPD. Delegates must register at the start and close of each workshop to be awarded a certificate of completion. 8

9 Session B: 4-5 November 2015, Raffles Dubai, UAE DAY ONE Tips On Contractual Risk Allocation Different project delivery options Risk analysis and procurement methodologies Matching the project delivery model and the financing structure Current market trends and options Pricing risk Bankability Issues and Project Structuring Financing strategies and procurement methods Commercial lenders requirements Multi-laterals and Export Credit Agency requirements What lenders expect to see in project documents Balancing the lenders requirements with efficient contract pricing The dangers of not aligning the financing and procurement strategies Discussion On Split EPC Contracts, EPCM Contracts and Multi-Prime o The split EPC contract strategy key commercial drivers o Current market practice and risks associated with the split EPC Model EPCM Contracts key issues and market practice Managing an EPCM contractor Multi-Prime Contracts and delivery of major projects Structuring Multi-Prime contracts to meet lender s requirements Administering an EPC Contract Structuring an administration system Key areas for claim time/cost/quality Managing liquidated damages for performance and delay The relationship of claims and lenders How to identify and resolve claims early Case Study: Letter Writing Workshop Group Exercise: Write responses to various types of claim letters and learn strategies for best responding to claims 9

10 Session B: 4-5 November 2015, Raffles Dubai, UAE DAY TWO Dispute Resolution Dispute Resolution - market practice and options Arbitration institutional options and choice of arbitral seat Litigation Mediation Enforcement issues Relationships with other project documents/lenders/parent companies Multi-party arbitration agreements Clauses Managing Claims Preparation for a dispute Record keeping Key issues and witness management Contractor s Security Who is the claimant/defendant? When and how to start Proceedings Contractor s security (Bonds/retentions/parent company guarantees) Local Law Issues in the Middle East Governing law clauses and current market practice Enforceability issues and key clauses Cultural Issues Dispute resolution and strategies Practical Exercise: Dispute Resolution Cause Drafting Group Exercise: Draft enforceable dispute resolution clauses for a variety of different project types and scenarios 10

11 EPC PROJECT COST AND CONTRACT MANAGEMENT WEEK 2-5 November 2015 Raffles Dubai, UAE REGISTRATION PAGE PROGRAM FEES 4 WAYS TO REGISTER C L A R I D E N Knowledge for the world business leaders Seminar 1st Early Bird Fee (If payment & registrations are received by 10 Sept 2015) 2nd Early Bird Fee (If payment & registrations are received by 8 Oct 2015) Regular Fee Per Participant admissions@claridenglobal.com Fax: +44 (0) Call: +44 (0) Session A: EPC Project Costs, Schedule & Quality Control (2-3 Nov) Session B: EPC Contract Management and Administration (4-5 Nov) GROUP DISCOUNTS US$2,490 US$2,490 US$2,690 US$2,690 US$2,790 US$2,790 Group discount of 10% for 2nd participant from the same organization. For limited time only by 8 October 2015 register 3 participants and the 4th participant will receive a complimentary seat (One discount scheme applies). Combination of different participants from the same company is allowed. Only 1 discount scheme applies. Booking Contact (Approving Manager) Mr/Mrs/Ms: Job Title: Department: Telephone: Fax: Organization: Address: Postal Code: I would like to receive more information on hotel accommodation using Clariden Global coporate rate. Please register the following participant for this seminar. (Please tick to select your seminar(s). You may tick more than one.) 1st Participant Name (Mr/Mrs/Ms): Job Title: Department: Telephone: Fax: Date of Birth: Seminar(s): Session A Session B 2nd Participant Name (Mr/Mrs/Ms): Job Title: Department: Telephone: Fax: Date of Birth: Seminar(s): Session A Session B 3rd Participant Name (Mr/Mrs/Ms): Job Title: Department: Telephone: Fax: Date of Birth: Seminar(s): Session A Session B 4th Participant Name (Mr/Mrs/Ms): Job Title: Department: Telephone: Fax: Date of Birth: Seminar(s): Session A Session B VENUE AND ACCOMMODATION INFORMATION Raffles Dubai, UAE 2-5 November 2015 Sheikh Rashid Road, Wafi, Dubai P.O. Box Tel: Website: Website: PAYMENT METHODS BY CHEQUE / BANK DRAFT : Made payable to CLARIDEN GLOBAL INTERNATIONAL LIMITED and mail to: 3 International Business Park, #04-29, Nordic European Centre, Singapore BY TELEGRAPHIC TRANSFER TO: Bank Name: Standard Chartered Bank Bank Code: 7144 Bank Branch Code: 001 Bank Address: 6 Battery Road, #01-01 Singapore Bank Account No: Bank Account name: CLARIDEN GLOBAL INTERNATIONAL LIMITED SWIFT Code: SCBLSG22 Please note that all bank charges are to be borne by participants. Please ensure Clariden Global International Limited receives the full invoiced amount. Note: Please include invoice number on all payment types and your company s name in your payment instructions for our reference. CREDIT CARD: To make payment by credit card, please call our client services hotline at +44 (0) HOW TO REGISTER AND PAY An invoice and registration confirmation will be sent within 7 days, please contact us if you have not heard from us within 7 days. Payment can be made by credit card, by bank transfer or by cheque made payable to Clariden Global International Limited. ALL PAYMENTS MUST BE RECEIVED IN ADVANCE OF THE EVENT. ACCOMMODATION Accommodation is not included in the program fee but you will be entitled to use our corporate rate for your accommodation. Information will be sent along with your registration confirmation. EARN CPD HOURS CANCELLATIONS AND SUBSTITUTIONS Once we have received your booking, the place(s) are confirmed. No refunds will be made for any cancellations, however, program credits of equivalent value only applicable for Clariden Global events will be provided. Credits can only be redeemed for 1 program and is valid for only one (1) year from date of issue. Substitution with a qualified candidate is allowed by providing at least 5 working days of advance notice to Clariden Global. One time substitution is allowed with no charges. Subsequent substitutions will be charged 10% admin fee. ALL CANCELLATIONS MUST BE RECEIVED IN WRITTEN FORM PLEASE NOTE: Clariden Global International Limited reserves the right to change the content and timing of the programme, the speakers and the date and venue due to reasons beyond their control. If in the unlikely event that the course is cancelled, Clariden Global International Limited will refund the full amount and disclaim any further liability. ENQUIRIES: If you have any queries about registration or payment please do not hesitate to contact our client services department on +44 (0) PRIVATE DISCLOSURE STATEMENT: Any information provided by you in relation to this event is being collected by Clariden Global International Limited and will be held in the strictest confidence. It will be added to our database for the primary purpose of providing you with information about future events and services. Visit us at for upcoming events FOR OFFICIAL USE FEE RECEIVED This course has been independently certified as conforming to accepted CPD guidelines. Delegates must register at the start and close of each workshop to be awarded a certificate of attendance. Participants may earn CPD hours after attending this executive program REFERENCE L5260_L5259/JN/SL