This is a shout out for the IEM. My Technical Division will be hosting a seminar on the 11th November, 2011. It’ll start at 12:00pm and is worth 2 CPD hours. You still gotta climb those steps at Wisma IEM.
This is held in conjunction with our AGM. Please turn up for that as well.
In a typical Risk-Sharing Contract (RSC), the responsibilities, roles and risks are allocated therein to the various parties and agent. RSCs maybe fashioned for projects that may be turnkey or Engineering, Procurement & Construction (EPC) in nature up to that of Project Delivery Partner (PDP).
That PDP typically endeavors to spell out i) Project Management Role ii) EPC Role; iii) Parties Risks and Rewards (with the proportionate Increase); and cover the following critical project parameters i) Development ii) Construction iii) Completion iv) Delivery v) Targets vi) Rewards; and vii) Losses. Other aspects typically treated under PDP i)Project Viability – “Strike Rate” ii)Site Possession iii) Ground Conditions – Employer/Contractor iv) Completion v) Delays vi)Performance Guarantees; and vii)Financing – Developer/Sponsor.
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Khem N Thadani holds an LL.M (University of Melbourne, Australia) and LL.B( University of Canterbury, New Zealand), and also an Advocate and Solicitor of High Court of Malaya, Barrister and Solicitor of High Court of New Zealand and Supreme Courts, Federal and High Court of Australia.
Register here or download the form here. A map to Wisma IEM is presented here.
Wata - Malaysian Oil and Gas Engineer 