Industry NewsfeedVolume 43, No 3 ISBN: 1925-8356 | Courtesy of Canadian Energy Law Edition | View Original
Authors: Arnold H. Olyan, John K. Taylor
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 will
be 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.
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