Application Of EPC Mode In New Field: The Case Of DUNG QUAT Shipyard Management

Through the case of EPC project management of Vietnam Dung Quat Shipyard with combination to EPC Contract Theory, this thesis 1) highlights the issues and risks which may be encountered by contractors of international EPC project as more difficulties and risks would arise in new sector of construction works,2) concludes notable experiences in international EPC project to achieve deep understanding to EPC Contract Theory,3) make illumination and consideration from project management of Dung Quat Shipyard,4) and provide reference for the persons who are involved in EPC project.This thesis is composed by 5 sections, with extracts as below:The introduction section presents the object, significance, research methodology and outline for study of international EPC project.EPC project management is descripted by briefly, including terms and conditions of EPC contract, development of international EPC project management modes, terms and conditions of FIDIC, development of EPC project, and modes of EPC project.It is an elaboration on the case of EPC project, including 3 subsections:1) origination of the project and briefing of EPC Contract,2) basic information of Vietnam Dung Quat Shipyard project,3) project management. The second subsection mainly covers engineering and design, investment, financing and supplier's credit loan of the project. The third subsection mainly covers assessment of the project, preparation, engineering and design, purchase of equipments and materials, execution of construction works, with emphasis on risk management.It presents notable issues involved in international EPC project in new sector, including 3 subsections:1) difference between national projects and international projects,2) risks in new sector,3) risk sources of EPC project. The first subsection mainly covers laws, customs, technical standard, construction materials, and communications. In the second subsection, it is elaborated that the Contractor paid highly attention to the new sector of shipbuilding, however insufficient understanding and comprehension inevitably results in some lessons through execution of works. In the third subsection, it is elaborated that EPC project is a comprehensive testing on the competence of contractor, success of EPC project depends on the control of risk source.With my own project management experience in the recent years, summary is made in full aspects to my knowledge in execution of international EPC Contract Project.