OPTIMIZATION OF EPC CONTRACT TERMS: RISK ANALYSIS, ALLOCATION OF RESPONSIBILITY AND LEGAL ASPECTS

The article considers the key aspects of EPC contracts, their role in the implementation of infrastructure projects, the main causes of conflicts related to risk management and the formulation of conditions. The need to optimize contractual mechanisms to improve transparency and efficiency of fulfillment of obligations is revealed. The main problems of EPC contracts are analyzed, ways of optimization through the unification of standards, transformation of contract terms to changing factors and effective risk management are proposed to increase the success of infrastructure projects. The main causes of disputes in EPC contracts, the role of international standards in reducing legal uncertainty, the need to adapt EPC/EPCM contracts to Russian legislation, as well as pricing and protection of the interests of the parties in the implementation of projects are considered. The issues of choosing a pricing model in EPC contracts, the need to adapt international experience to improve Russian legislation, legal and economic aspects of risk management, as well as a comparative analysis of EPC and EPCM models with an emphasis on their effectiveness and impact on the implementation of large infrastructure projects are outlined.