Open AccessThe EPC Contract and the Energy Lawyer
Author(s) -
Arnold H. Olyan,
John Κ. Taylor
Publication year - 2015
Publication title -
alberta law review
Language(s) - English
Resource type - Journals
eISSN - 1925-8356
pISSN - 0002-4821
DOI - 10.29173/alr365
Subject(s) - procurement , business , energy (signal processing) , control (management) , scale (ratio) , energy law , law and economics , law , finance , actuarial science , economics , marketing , management , political science , environmental law , statistics , physics , mathematics , quantum mechanics
With conventional reserves on the decline and large scale energy projects enticing a broader array of energy producers and transporters to consider participation, it is inevitable that energy lawyers willbe called to advise upon and document the contracts that will facilitate the engineering, procurement, and construction (EPC) of these projects leading to commercial operation. This article surveys the marriage of owner and contractor that results from such contracts, beginning with preliminary issues such as control and tolerance for risk, moving through the various contractual methods to align the parties' interests while anticipating, and responding to to fluctuating circumstances, and ending with options for both owners and contractors when faced with a deteriorating relationship.