C L A R I D E N 19-22 May 2015 Knowledge for the world business leaders Shangri-La Hotel, Singapore EPC Project Costs 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 Contract Management and Administration 19-20 May 2015, Tuesday & Wednesday Session B: EPC Project Costs, Schedule and Quality Control 21 22 May 2015, Thursday & Friday Dr. John Sing Director & CEO Ramafin Pty Ltd. Leading Authority in EPC sector with more than 25 years of experience, specializing in Oil & Gas, Finance and Commerce Adjunct Professor at University of Adelaide and Queensland University of Technology specializing in the domains of project and risk management, financial accounting, finance and auditing Led the Government s financial and economic agenda within Queensland Public Sector with a high involvement in risk management (strategic and operational), commercialization of multiple business units and the reporting to the executive and governing board of directors Dr John Sing is a leading practitioner with more than 25 years of proven experience in Engineering, Procurement and Construction (EPC) contract management and EPC project management. Through his company, he had consulted numerous global organizations on EPC contracts and EPC project management, focusing on areas such as risk mitigation project scoping, scheduling, costing and reporting. He is currently involved in the development and delivery of specialized project and risk management programs in capital intensive project-based organizations such as Royal Dutch Shell where he is the principal facilitator for courses within the Europe and North American region. Through these two interrelated programs, John will show you how to effectively navigate ambiguities and high-risk clauses in your EPC contracts and share techniques in developing an effective EPC project using Work Breakdown Structure and Earned Value Management. Following the programs, you will possess the confidence to deal with any EPC situation efficiently and safeguard your organization from costly delays, cost overruns, disputes and liabilities while proactively creating the most value for your organization s investment.
EPC Project Costs, Schedule and Quality Control Session B: 21-22 May 2015, Shangri-La Hotel Singapore Dr. John Sing Director & CEO Ramafin Pty Ltd. Leading Authority in EPC sector with more than 25 years of experience, specializing in Oil & Gas, Finance and Commerce Adjunct Professor at University of Adelaide and Queensland University of Technology specializing in the domains of project and risk management, financial accounting, finance and auditing Led the Government s financial and economic agenda within Queensland Public Sector with a high involvement in risk management (strategic and operational), commercialization of multiple business units and the reporting to the executive and governing board of directors Dr John Sing is a leading practitioner with more than 25 years of proven experience in Engineering, Procurement and Construction (EPC) contract management and EPC project management. Through his company, he had consulted numerous global organizations on EPC contracts and EPC project management, focusing on areas such as risk mitigation project scoping, scheduling, costing and reporting. He is currently involved in the development and delivery of specialized project and risk management programs in capital intensive project-based organizations such as Royal Dutch Shell where he is the principal facilitator for courses within the Europe and North American region. John, a Clariden Global Faculty Director, constantly receives excellent ratings for his engaging delivery and insightful content. He will engage you in in-depth discussions, highly relevant case studies and hands-on exercises to maximize your learning experience. Through these two interrelated programs, John will show you how to effectively navigate ambiguities and high-risk clauses in your EPC contracts and share techniques in developing an effective EPC project using Work Breakdown Structure and Earned Value Management. Following the programs, you will possess the confidence to deal with any EPC situation efficiently and safeguard your organization from costly delays, cost overruns, disputes and liabilities while proactively creating the most value for your organization s investment. Dr. John Sing has an excellent delivery manner and engaged people in the discussions. He has a sound knowledge of the material specific to the Oil & Gas industry. I found his guidance and approach to the various topics such as risk management, contract strategy, and contract management to be very beneficial and practical. - 4 day workshop Houston December 2012 - John facilitation style was conducive to learning - 1 day workshop Brisbane May 2013 - EXECUTIVE SUMMARY Program: Dates: Location: EPC Project Costs, Schedule and Quality Control 21-22 May 2015 Shangri-La Hotel, Singapore Early Bird 1 (Register & pay by 30 March 2015): Early Bird 2 (Register & pay by 27 April 2015): Regular Tuition Fee: S$2,950 S$3,150 S$3,250 Group discount of 10% for 2nd participant from the same organization. For limited time only by 27 April 2015 register 3 participants and the 4th participant will receive a complimentary seat (One discount scheme applies). Note: GST is applicable only to participants from Singapore registered companies. Check your eligibility for 60% Cash Back at IRAS website. 2
EPC Project Costs, Schedule and Quality Control Session B: 21-22 May 2015, Shangri-La Hotel Singapore Program Essence: According to McKinsey s detailed Engineering, Procurement & Construction (EPC) report, Asia is projected to receive a massive US$8 trillion in Engineering, Procurement & Construction (EPC) funding for the next 10 years. Leveraging on this tremendous growth brings with it a myriad of challenges in the execution of increasingly complex and large scale projects coupled with stringent restrictions posed by local governments. These challenges when not managed carefully will bring about damaging repercussions, such as substantial cost overruns, compromised quality and delays in the project timeline, bringing about detrimental effects to the reputation of EPC contractors. The International Journal of Science and Engineering also 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. However, it is noted that most of these financial losses could have been mitigated by efficient and effective project management. This highly engaging 2-day program, led by Clariden s leading faculty director Dr John Sing, will provide you with essential skills required to ensure effective cost control and planning to prevent budget overruns, ensure quality and keep up with timelines effectively to gain your client and organization s trust. Being a veteran with over 25 years of industry experience in EPC project management, John will also provide you with cutting-edge insights 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 will be met. At the end of the program, you will master essential techniques and gain the confidence to successfully manage and complete any EPC project. PROGRAM INTRODUCTION With increasing project sizes, scale and market maturity, the Asia 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. John will discuss the downside and upside risks involved within your EPC projects and provide strategies to accommodate them into your organization s existing risk management processes, enhancing your ability to mitigate risks. 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 uncover strategies to devise a comprehensive EPC project work schedule and manage each activity efficiently through the use of Work Breakdown Structure, Critical Path Analysis, Gantt Charts and Dependency Relationships. In addition, you will learn to develop accurate cost estimates for your projects and establish contingency allowances to cover for triggered risks while ensuring your projects value is realized and protected by quality control. You will also be equipped with the capabilities to measure, interpret and report the progress of your projects to your management and relevant stakeholders through Earned Value Management. 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 Project Engineers, Owners/Managers, Project Controller, Planners, Scheduler, Consultant and Specialists, Programme Executive, Controller, Managers, Cost Controllers, Engineers and Managers, Construction Managers, Administrators, Procurement & Contract Managers, Administrators, EPC Contractors, Subcontractors and Equipment/Material Suppliers, Quantity Surveyors and Technical Directors. 3
EPC Project Costs, Schedule and Quality Control Session B: 21-22 May 2015, Shangri-La Hotel Singapore LEARNING OBJECTIVES Expand insights on the various types of EPC Contracts and how each of them is viable for your business Discover the most suitable project delivery system option for your project to adhere to the allocated project budget Successfully manage the challenges in achieving time, cost and quality targets/goals Identify and take control of the risks surrounding your EPC projects and avoid costly repercussions Safeguard your EPC projects value through quality control and assurance Report your project progress to your management in a clear and timely manner by harnessing the capabilities of the Earned Value Management software 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. PROGRAM AGENDA DAY ONE PROJECT DELIVERY AND REALIZING COMMERCIAL VALUE Examination of the project lifecycle Importance of delivering against o Time o Cost o Quality PROJECT DELIVERY SYSTEMS AND EPC CONTRACTS Consideration of o Project delivery systems o Understanding the business need o Contractual allocation of risk Nature and types of EPC contracts FRONT END LOADING AND PROJECT PLANNING Understanding the importance of front end loading Consideration of the EPC hot spots Case study review and implications EPC PROJECT SCOPE Identifying and specifying the requirements Developing a work breakdown structure Case study application EPC PROJECT RISK MANAGEMENT Confirmation of the risk management process Identifying and managing EPC risks Case study application 4
EPC Project Costs, Schedule and Quality Control Session B: 21-22 May 2015, Shangri-La Hotel Singapore DAY TWO EPC PROJECT SCHEDULE Developing the schedule o Consideration of the WBS o Critical path analysis o Dependency relationships o Gantt chart EPC PROJECT COSTS Cost and estimation Developing the cost estimate Establishing the contingency allowance Managing the cost estimate MEASURING AND REPORTING PROJECT PROGRESS Earned value management Measuring, interpreting and reporting project progress EPC PROJECT QUALITY CONTROL Importance of quality control and assurance Realizing and protecting project value EPC PROJECTS Summary and key takeaways 5
EPC Contract Management and Administration Session A: 19-20 May 2015, Shangri-La Hotel Singapore Dr. John Sing Director & CEO Ramafin Pty Ltd. Leading Authority in EPC sector with more than 25 years of experience, specializing in Oil & Gas, Finance and Commerce Adjunct Professor at University of Adelaide and Queensland University of Technology specializing in the domains of project and risk management, financial accounting, finance and auditing Led the Government s financial and economic agenda within Queensland Public Sector with a high involvement in risk management (strategic and operational), commercialization of multiple business units and the reporting to the executive and governing board of directors Dr John Sing is a leading practitioner with more than 25 years of proven experience in Engineering, Procurement and Construction (EPC) contract management and EPC project management. Through his company, he had consulted numerous global organizations on EPC contracts and EPC project management, focusing on areas such as risk mitigation project scoping, scheduling, costing and reporting. He is currently involved in the development and delivery of specialized project and risk management programs in capital intensive project-based organizations such as Royal Dutch Shell where he is the principal facilitator for courses within the Europe and North American region. John, a Clariden Global Faculty Director, constantly receives excellent ratings for his engaging delivery and insightful content. He will engage you in in-depth discussions, highly relevant case studies and hands-on exercises to maximize your learning experience. Through these two interrelated programs, John will show you how to effectively navigate ambiguities and high-risk clauses in your EPC contracts and share techniques in developing an effective EPC project using Work Breakdown Structure and Earned Value Management. Following the programs, you will possess the confidence to deal with any EPC situation efficiently and safeguard your organization from costly delays, cost overruns, disputes and liabilities while proactively creating the most value for your organization s investment. Dr. John Sing has an excellent delivery manner and engaged people in the discussions. He has a sound knowledge of the material specific to the Oil & Gas industry. I found his guidance and approach to the various topics such as risk management, contract strategy, and contract management to be very beneficial and practical. - 4 day workshop Houston December 2012 - John facilitation style was conducive to learning - 1 day workshop Brisbane May 2013 - EXECUTIVE SUMMARY Program: Dates: Location: EPC Contract Management and Administration 19-20 May 2015 Shangri-La Hotel, Singapore Early Bird 1 (Register & pay by 30 March 2015): Early Bird 2 (Register & pay by 27 April 2015): Regular Tuition Fee: S$2,950 S$3,150 S$3,250 Group discount of 10% for 2nd participant from the same organization. For limited time only by 27 April 2015 register 3 participants and the 4th participant will receive a complimentary seat (One discount scheme applies). Note: GST is applicable only to participants from Singapore registered companies. Check your eligibility for 60% Cash Back at IRAS website. 6
EPC Contract Management and Administration Session A: 19-20 May 2015, Shangri-La Hotel Singapore Program Essence: According to a study conducted by Independent Project Analysis, the highly preferred EPC contract choice, EPC Lump Sum contracts, have a high failure rate of 61%, indicating that disputes and litigation issues will arise during the settlement process. Today s Engineering, Procurement and Construction (EPC) projects are becoming more complex and implemented on a much larger scale with large contract values. You need to have a clear strategy on how to draft, manage and negotiate your EPC contracts in a way that protects your organization from costly delays, cost overruns, disputes and liabilities. This highly interactive 2-day program will equip you with a clear understanding on how to negotiate, draft and manage your EPC contracts. It covers the EPC contract life cycle, from concept to delivery and performance, advise you on where value is won and lost, how do you build a relationship with the vendors, what are your liabilities and indemnities, handle dispute resolution and manage claims. You will gain insights on important considerations when awarding EPC contracts and how to determine the right key performance indicators, reward structure and terms and conditions to achieve your desired project outcome. Led by Dr. John Sing, a leading authority in the Oil & Gas Industry, participants will be engaged in real world case studies on successful EPC contract management from large players to the smaller vendors. You will also hear where EPC contracts have been poorly structured, result in rising significant costs for companies. Whether you are a seasoned professional or brand new to contract management, this program will allow you to truly understand the commercial aspects of contract management in which EPC contractors are required to adhere to. 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. This highly interactive and comprehensive 2-day executive program is designed to provide you with a working understanding of the importance of time, cost and quality in EPC projects and how grasping the concepts surrounding the main elements of EPC contracts and their key risk issues will help to reduce your firm s risk when dealing with your EPC project partners. 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 Dr. John Sing, a leading authority in EPC contract management with rich experience in the oil & gas industry, he will impart proven techniques 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. 7
EPC Contract Management and Administration Session A: 19-20 May 2015, Shangri-La Hotel Singapore LEARNING OBJECTIVES Get an appreciation of the various EPC contracting structures, and the pros and cons of different structures Analyze the key risks surrounding EPC contracts Learn how to select an appropriate contracting model and understand the severity of the consequences of making the wrong selection Examine real EPC contracts and learn how they are developed and formulated Discover the issues involved in negotiations with contractors to negotiate your EPC contracts effectively Devise strategies to deal with EPC sourcing and awarding issues Establish a cross-functional team with the skills to deliver effectively within this high risk/reward sector Gain comprehensive understanding of managing risks and risk allocation clauses for EPC projects and services Develop KPIs for EPC contracts to adhere to costs, time and quality Effective reporting for management decision making 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. PROGRAM AGENDA DAY ONE Delegates must register at the start and close of each workshop to be awarded a certificate of completion. PROJECT DELIVERY SYSTEM OPTIONS Understanding the business need Consideration of the various project delivery system options Review of common procurement structures, including Build-only, EPC, EPCM, Partnering and more Selecting the most appropriate option EPC CONTRACTS NATURE AND KEY ELEMENTS The key clauses in any construction contract are those which impact on: o Time o Cost o Quality ANALYSIS OF KEY RISK ISSUES FOR EPC CONTRACTS Principles of risk allocation in EPC contracts Protecting and realizing project value Understanding the impact on time, cost and quality Case study application DEVELOPING THE EPC STRATEGY Consideration of the business need and risks Understanding the market Importance of market sounding Seeking approval 8
EPC Contract Management and Administration Session A: 19-20 May 2015, Shangri-La Hotel Singapore DAY TWO DEVELOPING THE EPC TACTICS Terms and conditions Reward structures Key specific clauses Performance clauses Case study review SOURCING AND AWARDING AN EPC CONTRACT Importance of due diligence and financial evaluation Other considerations Case study application EPC CONTRACT MANAGEMENT AND ADMINISTRATION What is contract management and why is it important? Key elements to consider Developing the contract management plan OTHER EPC CONTRACT CONSIDERATIONS Liquidated damages what are they and are they effective Managing contract variations What is force majeure? What are the key principles of Force Majeure GENERAL PRINCIPLE IN DISPUTE RESOLUTION FOR EPC CONTRACTS Having a staged dispute resolution process that provides for internal discussions and meetings aimed at resolving the dispute prior to commencing action Obliging the contractor to continue to execute the works pending resolution of the dispute 9
EPC PROJECT COSTS AND CONTRACT MANAGEMENT WEEK 19-22 May 2015 Shangri-La Hotel, Singapore REGISTRATION PAGE C L A R I D E N Knowledge for the world business leaders PROGRAM FEES Session Session A: EPC Contract Management and Administration (19-20 May) Session B: EPC Project Costs, Schedule and Quality Control (21-22 May) 1st Early Bird Fee Per Participant (If payments & registrations are received by 30 March 2015) S$2,950 S$2,950 2nd Early Bird Fee Per Participant (If payments & registrations are received by 27 April 2015) S$3,150 S$3,150 GROUP DISCOUNTS Group discount of 10% for 2nd participant from the same organization. For limited time only by 27 April 2015 register 3 participants and the 4th participant will receive a complimentary seat (One discount scheme applies). Booking Contact (Approving Manager) Mr/Mrs/Ms: Job Title: Department: Telephone: Fax: Email: 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.) Regular Fee Per Participant S$3,250 S$3,250 Note: GST is applicable to participants from Singapore registered companies. 1st Participant Name (Mr/Mrs/Ms): Job Title: Department: Telephone: Fax: Email: Date of Birth: Seminar(s): Session A Session B 2nd Participant Name (Mr/Mrs/Ms): Job Title: Department: Telephone: Fax: Email: Date of Birth: Seminar(s): Session A Session B 3rd Participant Name (Mr/Mrs/Ms): Job Title: Department: Telephone: Fax: Email: Date of Birth: Seminar(s): Session A Session B 4th Participant Name (Mr/Mrs/Ms): Job Title: Department: Telephone: Fax: Email: Date of Birth: Seminar(s): Session A Session B VENUE AND ACCOMMODATION INFORMATION Shangri-La Hotel, Singapore 19-22 May 2015 22 Orange Grove Road, Singapore 258350 Tel : +65 6737 3644 Fax : +65 6737 3257 Website : http://www.shangri-la.com/en/property/singapore/shangrila 4 WAYS TO REGISTER Email: admissions@claridenglobal.com Fax: +65 6567 4328 Call: +65 6899 5030 Website: www.claridenglobal.com PAYMENT METHODS BY CHEQUE / BANK DRAFT : Made payable to CLARIDEN GLOBAL PTE LTD and mail to: 3 International Business Park, #04-29, Nordic European Centre, Singapore 609927. 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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. ENJOY 60% CASHBACK Productivity and innovation Credit (PIC) scheme allows registered Singaporean businesses to claim 60% cash back or enjoy 40% tax deduction for training. For more information, please visit http://www.claridenglobal.com/pic.php 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 Pte Ltd reserves the right to change thecontent 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 Pte Ltd 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 +65 6899 5030. PRIVATE DISCLOSURE STATEMENT: Any information provided by you in relation to this event is being collected by Clariden Global Pte Ltd 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 www.claridenglobal.com for upcoming events FOR OFFICIAL USE FEE RECEIVED REFERENCE L5234_5074/JN/KY