Sept. 26, 2007


Description

      Anyone who has tried to negotiate an engineering, procurement, and construction (EPC) lump-sum contract for a large upstream project in the last 3 years already knows that we live in a contracting marketplace that does not even resemble that of a few years ago. Moreover, the costs of projects generally appear to be rising at rates that are extremely disturbing. This study explored and dissected each of the three major reasons that process project costs are increasing:

 

  • Escalation in materials costs
  • Increase in contractor profit margins
  • Pricing of contractual and project risks

 In this talk, Ed will summarize the results of the study with special attention paid to the way in which risk pricing is affecting the market, especially in the world’s “hot-spots.”  

Pre-registration is strongly encouraged for this event.  Walk-ins will be accepted on a first-come, first-served basis.  All walk-ins will be charged $40 at the door

Featured Speakers

Speaker Ed Merrow
CEO Independent Project Analysis, Inc. Ed Merrow is the Founder and President of Independent Project Analysis, Inc., a company that provides a unique project research capability for the chemical process industries. Established in 1987, IPA has grown from a one-person organization to over 100 project analysts with offices in the …

CEO
Independent Project Analysis, Inc.

Ed Merrow is the Founder and President of Independent Project Analysis, Inc., a company that provides a unique project research capability for the chemical process industries. Established in 1987, IPA has grown from a one-person organization to over 100 project analysts with offices in the United States, Europe, and Asia Pacific. After receiving degrees from Dartmouth College and Princeton University, Ed began his career as an Assistant Professor at UCLA where he taught mathematical economic modeling and industrial organization. After four years of teaching, he joined the Rand Corporation, where he developed and directed Rand’s Energy Program and research program for the Chemical Process Industries. After 14 years with Rand, he left in 1987 to start IPA.


With his interest and expertise in new process technology development and in solids processing technology, Ed has been active in AIChE from his Rand days as a panelist, panel chairman, and contributor to Chemical Engineering Progress. He has also served as a speaker and panelist for the Engineering and Construction Contracting annual meetings numerous times.


Ed has testified before the United States Congress in matters pertaining to overruns in major capital projects. He also served as a panel member for the National Academy of Sciences/National Academy of Engineering on the analysis of project risks. Ed was the 1998 recipient of the Construction Industry Institute’s highest honor, the Carroll H. Dunn Award of Excellence. In 2001, he received the ECC Division Award for “outstanding contributions to the industry.” Most recently, Ed completed tours in Asia and the Middle East as a Distinguished Lecturer for the Society of Petroleum Engineers (SPE) 2006 Distinguished Lecturer Program.


Full Description



Organizer

Bruce LeGros


Date and Time

Wed, Sept. 26, 2007

11 a.m. - 1 p.m.
(GMT-0500) US/Central

Event has ended

Location

OMNI Houston Westside

13210 Katy Freeway
Houston, Tx 77079
USA