Speaker
Description
A consensus is growing within the nuclear industry that an alternative contractual model to the traditional EPC agreement is needed in order to successfully deliver new nuclear projects on time and on budget. This paper will provide an overview of a newly created Integrated Project Delivery Agreement (IPDA), one option for an alternative contractual model. The IPDA is a hybrid agreement, incorporating alliance agreement constructs and traditional EPC agreement elements. It expands the teaming concept often employed at the pre-RFP stage for bid preparation and submittal, and carries it through to project execution and project completion. It also adopts a phased approach to project development and delivery, with the goal of providing a high degree of design, schedule and cost certainty prior to commencement of construction. This paper will discuss in greater detail the motivations and background that went into the structure and contents of this IPDA, its key characteristics, key terms, a more detailed discussion of the IPDA phases and the risk pool concept, as well as the implications for traditional EPC agreement constructs.
| Country OR International Organization | United States of America |
|---|---|
| Email address | cgrygier@huntonak.com |
| Confirm that the work is original and has not been published anywhere else | YES |
