Project Management EPC Calculator

PROJECT MANAGEMENT EPC CALCULATOR

This Project Management EPC Calculator (the "Calculator") is prepared to document agreed inputs and to record a calculation-based estimate for an Engineering, Procurement and Construction (EPC) engagement. The parties acknowledge that the Calculator is an administrative estimate and, unless separately incorporated into a binding contract, does not by itself create a construction contract.

WHEREAS

WHEREAS Client Name: desires to evaluate an EPC project and has requested a project estimate and payment framework from Contractor Name: .

WHEREAS the parties agree to record the scope, assumptions, cost drivers and payment mechanics in this Calculator for reference in preparing a formal EPC contract should the parties elect to proceed.

Project Identification

Scope of Work

The Scope of Work below describes the services to be provided for the estimated EPC engagement. The scope set out in this field will be used as the baseline for effort and cost allocation.

EPC Cost Inputs

Enter the projected cost bases and percentage allocations used to derive the estimate. Amounts should be entered in the currency agreed by the parties.

Payment Terms

The parties agree that the estimate and payment mechanics set forth below are preliminary. Final invoicing terms will be established in the definitive EPC contract. Invoices shall be issued in accordance with the agreed milestone schedule and are due within calendar days of invoice receipt unless otherwise agreed in writing.

All payments shall be subject to lawful withholding and deductions. Unless otherwise stated, amounts are exclusive of applicable taxes; the party invoicing shall itemize taxes on each invoice.

Term and Termination

This Calculator applies beginning on Commencement Date: Month Day Year and ending on Completion Date: Month Day Year unless earlier terminated under this section.

Either party may terminate for convenience upon written notice delivered no fewer than days prior to the proposed termination date. Either party may terminate immediately for material breach if the breaching party fails to cure within a commercially reasonable cure period following written notice.

Confidentiality

Each party shall treat as confidential all technical, commercial and financial information disclosed in connection with the Calculator and the underlying proposal. Confidential information shall not be used except for the evaluation, negotiation and performance of the EPC project and shall not be disclosed to third parties except to those advisors and contractors who have a need to know and are bound to confidentiality obligations at least as restrictive as those herein.

Governing Law

This Calculator and any dispute arising out of or relating to it shall be governed by and construed in accordance with the laws of the State of without regard to conflict of law principles.

Entire Agreement

This Calculator, together with any attached schedules and assumptions, constitutes the entire understanding between the parties with respect to the matters described herein and supersedes all prior discussions, proposals and understandings. No amendment shall be effective unless set forth in a writing signed by authorized representatives of both parties.

Calculation Summary

The following summary fields record the outputs of the calculation based on the inputs above. These fields may be incorporated into the definitive EPC price if and when the parties execute a binding contract.

Notes and Assumptions

The parties acknowledge that this Calculator is provided on an as-is basis and that actual costs may vary due to market conditions, supply chain events, regulatory changes, unforeseen site conditions and force majeure. Neither party shall have a right to rely on the estimate except as incorporated by reference into a separately executed contract.

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