Project Management in the Oil and Gas Industry


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2.Project management in the oil and gas industry 2016

Release from Performance
66-1 Payment in event of release from performance
Settlement of Disputes
67-1 Engineer’s decision
67-2 Amicable settlement
67-3 Arbitration
67-4 Failure to comply with engineer’s decision
Notices
68-1 Notice to contractor
68-2 Notice to employer and engineer
68-3 Change of address
Default of Employer
69-1 Default of employer
69-2 Removal of contractor’s equipment
69-3 Payments on termination
69-4 Contractor’s entitlement
69-5 Resumption of work


Tendering, Bidding, and Contract Traps 197
Changes in Cost Legislation
70-1 Increase or decrease of cost
70-2 Subsequent 
legislation
Currency and Rates of Exchange
71-1 Currency restrictions
72-1 Rates of exchange
72-2 Currency proportions
72-3 Currencies of payment for provisional sums
6.7 General Conditions in the Contracts
General requirements in the contracts must now be determined accurately 
and are often made by someone of legal or administrative studies while 
outlining the plan and the technical aspects of work for the engineer. But, in 
the end, the project engineer is responsible for any problem or error during 
execution, both technical or administrative. Therefore, you should review 
the contract and general conditions carefully. The following list must be 
reviewed and all items that have been drafted by the contract should be 
confirmed. This list is also used to terminate the contract, to make sure that 
the contract contains all the essential items, and to ensure that nothing has 
been forgotten.
List of General Conditions
Contract
 Definitions 
 Laws and language 
Agreement document

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