{"id":44,"date":"2020-04-01T19:37:17","date_gmt":"2020-04-01T11:37:17","guid":{"rendered":"http:\/\/charltonsnaturalresources.com\/?page_id=44"},"modified":"2020-10-07T10:45:09","modified_gmt":"2020-10-07T02:45:09","slug":"epc-agreements","status":"publish","type":"page","link":"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/epc-agreements\/","title":{"rendered":"EPC Agreements"},"content":{"rendered":"[et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|desktop&#8221; admin_label=&#8221;ContentWrapper2&#8243; module_id=&#8221; &#8221; module_class=&#8221;content-wrapper2&#8243; _builder_version=&#8221;4.0.5&#8243; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;0px||0px|||&#8221; custom_padding_tablet=&#8221;50px|0|50px|0&#8243; custom_padding_phone=&#8221;&#8221; transparent_background=&#8221;off&#8221; padding_mobile=&#8221;off&#8221; make_fullwidth=&#8221;off&#8221; use_custom_width=&#8221;off&#8221; width_unit=&#8221;on&#8221;][et_pb_row column_structure=&#8221;2_3,1_3&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;1&#8243; module_class=&#8221;main-content2&#8243; _builder_version=&#8221;4.4.3&#8243; width=&#8221;100%&#8221; max_width=&#8221;100%&#8221; z_index_tablet=&#8221;500&#8243; box_shadow_horizontal_tablet=&#8221;0px&#8221; box_shadow_vertical_tablet=&#8221;0px&#8221; box_shadow_blur_tablet=&#8221;40px&#8221; box_shadow_spread_tablet=&#8221;0px&#8221;][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;3.0.47&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Breadcrumbs&#8221; module_class=&#8221;breadcrumb-wrapper&#8221; _builder_version=&#8221;3.27.4&#8243;]<div class=\"breadcrumb\">\r\n<ul><li><a href=\"\/\">Home<\/a><\/li><li><a href='https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/' title='Advising Resource Companies'>Advising Resource Companies<\/a><\/li><li><a href='https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/' title='EPCM and EPC Agreements'>EPCM and EPC Agreements<\/a><\/li><li><span>EPC Agreements<\/span><\/li><\/ul>\r\n<\/div>\r\n[\/et_pb_text][et_pb_text admin_label=&#8221;Section Title&#8221; _builder_version=&#8221;4.4.3&#8243; global_module=&#8221;229966&#8243;]<h2 class=\"section-title\">Advising Resource Companies<\/h2>\r\n[\/et_pb_text][et_pb_text admin_label=&#8221;Content MenuBar1&#8243; _builder_version=&#8221;4.4.3&#8243; global_module=&#8221;230379&#8243;]<div class=\"content-menubar\">\r\n<div class=\"page-menu-panel\">\r\n<h3>Advising Resource Companies<\/h3>\r\n<p><span class=\"hamburger\"><\/span><\/div>\r\n<ul class=\"cm-parent\"><li class=\"page_item page-item-32 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/infrastructure-agreements\/\">Infrastructure Agreements<\/a>\n<ul class='children'>\n\t<li class=\"page_item page-item-34\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/infrastructure-agreements\/key-issues\/\">Key Issues<\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"page_item page-item-36 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/\">EPCM and EPC Agreements<\/a>\n<ul class='children'>\n\t<li class=\"page_item page-item-43\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/epcm-agreements\/\">EPCM Agreements<\/a><\/li>\n\t<li class=\"page_item page-item-44\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/epc-agreements\/\">EPC Agreements<\/a><\/li>\n\t<li class=\"page_item page-item-45\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/advising-contractors\/\">Advising Contractors<\/a><\/li>\n\t<li class=\"page_item page-item-46\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/risk\/\">Risk<\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"page_item page-item-51 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/joint-venture-agreements\/\">Mining Joint Venture Agreements<\/a>\n<ul class='children'>\n\t<li class=\"page_item page-item-55\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/joint-venture-agreements\/dilution-withdrawal-assignment\/\">Dilution, Withdrawal\/Exit, Assignment<\/a><\/li>\n\t<li class=\"page_item page-item-57\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/joint-venture-agreements\/cross-charge-covenant\/\">Deeds of Cross Charge\/Deeds of Cross Covenant<\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"page_item page-item-60 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/offtake-agreements\/\">Off-Take\/Take or Pay Agreements<\/a>\n<ul class='children'>\n\t<li class=\"page_item page-item-62\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/offtake-agreements\/offtakes-connected-transactions\/\">Off-Takes and Connected Transactions<\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"page_item page-item-64\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/farm-out-in-agreements\/\">Farm Out\/Farm In Agreements<\/a><\/li>\n<li class=\"page_item page-item-65\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/minerals-royalties\/\">Minerals Royalty Agreements<\/a><\/li>\n<li class=\"page_item page-item-66\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/mining-service-agreements\/\">Mining Service Agreements<\/a><\/li>\n<\/ul><\/div>\r\n[\/et_pb_text][et_pb_text admin_label=&#8221;Title&#8221; _builder_version=&#8221;4.4.3&#8243;]<h1 class=\"content-title\">EPC Agreements<\/h1>[\/et_pb_text][et_pb_text admin_label=&#8221;Content&#8221; _builder_version=&#8221;4.4.3&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;]<p>\r\n    Under an EPC agreement, the EPC contractor, usually following a tender process, is contracted by the principal to provide engineering, procurement and construction services. An EPC contract is commonly negotiated to include the standard\r\n    terms contained in the FIDIC &#8220;Silver Book&#8221; . The EPC contractor assumes responsibility for integrating all the elements of design, construction and procurement and assuming the solvency risk down the supply chain.\r\n<\/p>\r\n\r\n<p>\r\n    An EPC agreement will clearly set out the principal \/ employer&#8217;s rights and obligations relating to amongst other things, right of access to the site, permits, licences and approvals, delegated personnel, financial arrangements and\r\n    claims. Similarly it should set out the contractor&#8217;s general obligations together with specific details relating to performance, its representatives, nominated sub-contractors, data, price, access, transport of goods, equipment,\r\n    environmental protection, progress reports and milestones. Provision relating to plant design should include general design obligations, the contractor&#8217;s undertakings, technical standards and regulations. The agreement should also\r\n    include provisions on, among other things, delays and suspensions, tests on and after completion, defects and liability, risks and responsibility, contract price and payment, and the ultimate take over by the principal.\r\n<\/p>\r\n\r\n<p>The main advantages of EPC agreements compared to EPCM agreements are as follows:<\/p>\r\n\r\n<ul class=\"list-default\">\r\n    <li>One point of contact<\/li>\r\n    <li>&#8220;Hands off&#8221; approach to project<\/li>\r\n    <li>Less staff required<\/li>\r\n    <li>Reduced legal risk<\/li>\r\n<\/ul>\r\n\r\n<p>EPC agreements are best employed on well-defined projects where detailed engineering has already been completed prior to the engagement of the EPC contractor.<\/p>[\/et_pb_text][et_pb_text admin_label=&#8221;SubM-Children&#8221; _builder_version=&#8221;4.4.3&#8243;]<div class=\"page-submenu\"> \r\n<ul><li class=\"page_item page-item-43\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/epcm-agreements\/\">EPCM Agreements<\/a><\/li>\n<li class=\"page_item page-item-44\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/epc-agreements\/\">EPC Agreements<\/a><\/li>\n<li class=\"page_item page-item-45\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/advising-contractors\/\">Advising Contractors<\/a><\/li>\n<li class=\"page_item page-item-46\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/risk\/\">Risk<\/a><\/li>\n<\/ul>\r\n<\/div> [\/et_pb_text][et_pb_text admin_label=&#8221;News Title&#8221; module_class=&#8221;content2-news-title&#8221; _builder_version=&#8221;4.4.3&#8243;]<h1 class=\"content-subtitle\">Read our latest News<\/h1>[\/et_pb_text][et_pb_blog fullwidth=&#8221;off&#8221; posts_number=&#8221;6&#8243; include_categories=&#8221;23&#8243; show_author=&#8221;off&#8221; show_categories=&#8221;off&#8221; show_excerpt=&#8221;off&#8221; show_pagination=&#8221;off&#8221; admin_label=&#8221;News Thumbs&#8221; module_class=&#8221;cu-blog&#8221; _builder_version=&#8221;4.4.2&#8243;][\/et_pb_blog][et_pb_text admin_label=&#8221;Click more news&#8221; _builder_version=&#8221;4.4.2&#8243;]<div class=\"bottom-click-more\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/news\/\">Click here to read more News<\/a><\/div>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;3.25.3&#8243; custom_padding=&#8221;|||||false&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image src=&#8221;\/legal\/advising_resource_companies\/epc_agreements.jpg&#8221; admin_label=&#8221;Side Hero&#8221; module_class=&#8221;side-hero-wrapper&#8221; _builder_version=&#8221;4.4.8&#8243; hover_enabled=&#8221;0&#8243;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]","protected":false},"excerpt":{"rendered":"<p><ul><li><a href=\"\/\">Home<\/a><\/li><li><a href='https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/' title='Advising Resource Companies'>Advising Resource Companies<\/a><\/li><li><a href='https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/' title='EPCM and EPC Agreements'>EPCM and EPC Agreements<\/a><\/li><li><span>EPC Agreements<\/span><\/li><\/ul> Advising Resource Companies Advising Resource Companies <ul class=\"cm-parent\"><li class=\"page_item page-item-32 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/infrastructure-agreements\/\">Infrastructure Agreements<\/a>\n<ul class='children'>\n\t<li class=\"page_item page-item-34\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/infrastructure-agreements\/key-issues\/\">Key Issues<\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"page_item page-item-36 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/\">EPCM and EPC Agreements<\/a>\n<ul class='children'>\n\t<li class=\"page_item page-item-43\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/epcm-agreements\/\">EPCM Agreements<\/a><\/li>\n\t<li class=\"page_item page-item-44\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/epc-agreements\/\">EPC Agreements<\/a><\/li>\n\t<li class=\"page_item page-item-45\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/advising-contractors\/\">Advising Contractors<\/a><\/li>\n\t<li class=\"page_item page-item-46\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/epcm-epc-agreements\/risk\/\">Risk<\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"page_item page-item-51 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/joint-venture-agreements\/\">Mining Joint Venture Agreements<\/a>\n<ul class='children'>\n\t<li class=\"page_item page-item-55\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/joint-venture-agreements\/dilution-withdrawal-assignment\/\">Dilution, Withdrawal\/Exit, Assignment<\/a><\/li>\n\t<li class=\"page_item page-item-57\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/joint-venture-agreements\/cross-charge-covenant\/\">Deeds of Cross Charge\/Deeds of Cross Covenant<\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"page_item page-item-60 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/offtake-agreements\/\">Off-Take\/Take or Pay Agreements<\/a>\n<ul class='children'>\n\t<li class=\"page_item page-item-62\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/offtake-agreements\/offtakes-connected-transactions\/\">Off-Takes and Connected Transactions<\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"page_item page-item-64\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/farm-out-in-agreements\/\">Farm Out\/Farm In Agreements<\/a><\/li>\n<li class=\"page_item page-item-65\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/minerals-royalties\/\">Minerals Royalty Agreements<\/a><\/li>\n<li class=\"page_item page-item-66\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/mining-service-agreements\/\">Mining Service Agreements<\/a><\/li>\n<\/ul> EPC Agreements Under an EPC agreement, the EPC contractor, usually following a tender process, is contracted by the principal to provide engineering, procurement and construction services. An EPC contract is commonly negotiated to include the standard terms contained in the FIDIC &#8220;Silver Book&#8221; . The EPC contractor assumes responsibility for integrating all [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":36,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<!-- wp:paragraph -->\r\n<p>Under an EPC agreement, the EPC contractor, usually following a tender process, is contracted by the principal to provide engineering, procurement and construction services. An EPC contract is commonly negotiated to include the standard terms contained in the FIDIC \"Silver Book\" . The EPC contractor assumes responsibility for integrating all the elements of design, construction and procurement and assuming the solvency risk down the supply chain.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>An EPC agreement will clearly set out the principal \/ employer's rights and obligations relating to amongst other things, right of access to the site, permits, licences and approvals, delegated personnel, financial arrangements and claims. Similarly it should set out the contractor's general obligations together with specific details relating to performance, its representatives, nominated sub-contractors, data, price, access, transport of goods, equipment, environmental protection, progress reports and milestones. Provision relating to plant design should include general design obligations, the contractor's undertakings, technical standards and regulations. The agreement should also include provisions on, among other things, delays and suspensions, tests on and after completion, defects and liability, risks and responsibility, contract price and payment, and the ultimate take over by the principal.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The main advantages of EPC agreements compared to EPCM agreements are as follows:<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:list -->\r\n<ul><li>One point of contact<\/li><li>\"Hands off\" approach to project<\/li><li>Less staff required<\/li><li>Reduced legal risk<\/li><\/ul>\r\n<!-- \/wp:list -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>EPC agreements are best employed on well-defined projects where detailed engineering has already been completed prior to the engagement of the EPC contractor.<\/p>\r\n<!-- \/wp:paragraph -->","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[25],"class_list":["post-44","page","type-page","status-publish","hentry","category-advising-resource-companies","cat-25-id"],"_links":{"self":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/pages\/44","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/comments?post=44"}],"version-history":[{"count":12,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/pages\/44\/revisions"}],"predecessor-version":[{"id":232645,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/pages\/44\/revisions\/232645"}],"up":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/pages\/36"}],"wp:attachment":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/media?parent=44"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/categories?post=44"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}