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Projects, Facilities & Constr - Cost, Profit, And Risk: Understanding The New Contracting Marketplace

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

Location: OMNI Houston Westside
13210 Katy Freeway
Houston , Tx 77079

Date: Sept. 26, 2007, 11 a.m. - Sept. 26, 2007, 1 p.m.