Monenco Iran has recently signed a contract of “Consultancy Services for Revising and Updating the Conditions of Contract for EPC (industrial/non-industrial) Projects”. The client is Plan and Budget Organization.
Considering that the terms and conditions of the EPC contracts have been implemented since 10 years, now it is essential to revise and upgrade the EPC contracts rules and conditions (industrial and non-industrial). Accordingly, Plan and Budget Organization has assigned the required consultancy services to Monenco Iran. Below matters are considered as the major reasons in this project:
- Obstacles and experiences that stakeholders confronted during the implementation of this contractual model so far
- Enquiries and clarifications requested by employers, contractors and consultants from the country’s technical and executive system over the past few years
- Country’s development which is heading towards private sectors from public sectors also the position of the joint companies in the public and private sectors as a client in the development and infrastructure projects
- The growing trend of EPC model as the top model for the implementation of the country’s development and infrastructure projects
- Changes in the international standards to assign the EPC contracts and contractual patterns/regulations
- Changes in the national laws and regulations and executive directives in recent years and the need to apply their effects on the contractual patterns
- The necessity of applying new legal, financial, insurance regulations in the contractual models
