Master complex contractual frameworks of major construction projects | BOT contracts | podcast

Описание: Master the complex contractual frameworks of major construction projects with this comprehensive guide.

This video explores the essential legal and commercial issues that define international project development, covering sectors from hospitals and power stations to light rail systems and motorways.

In this video, we break down the Build Operate and Transfer (BOT) scheme, a primary form of project financing where a government grants a concession to a project company to build and operate facilities. We detail the roles and perspectives of key parties, including the offtaker, the project company, lenders, and the construction contractor.

Key Topics Covered:
• Risk Allocation: Learn how the contractual structure acts as the primary means to identify, analyze, and allocate project risks.
• Procurement Routes: Understand the differences between Traditional Structures, Design and Build, and Management Contracting.
• Pricing and Payment: A deep dive into lump-sum, cost-reimbursable, and unit-price methods, along with milestone payment systems.
• Delays and Defects: How to manage liquidated damages, extensions of time, and remedies for defective work identified both before and after project completion.
• Dispute Resolution: Strategies for dispute avoidance and management, including negotiation, mediation, adjudication, and international arbitration.
• Environmental and Insurance Matters: Navigating planning permissions, noise regulation, and "All Risks" insurance to protect project viability.
• Insolvency and Performance Security: Practical issues surrounding employer or contractor insolvency and the use of bonds and guarantees.
Using English law as the principal reference point, this video provides a roadmap for planning projects to signature and financial close.

Whether you are an employer, contractor, or lender, understanding these interweaving contractual obligations is vital for successful project performance.

Book: EPC Contracts and Major Projects: A Guide to Construction and Other Project Contracts ISBN 978-0414045187

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