Employer’s Concerns In Engineering, Procurement And Construction (EPC) Contract Negotiations In Nigeria

Infrastructure is the backbone of every country in the world and without them, there would be no structural transformation and social amenities that are necessary for the desired development in different sectors of a country’s economy. These social amenities include those related to transportation, power, ports, oil, and gas, amongst others. 

Often, such infrastructural projects are complex and carry enormous risks, due to the vagaries of nature, politics, technology, finance, and human error. Indeed, it is such risk-related characteristics of infrastructural developments that led to the emergence of Engineering, Procurement and Construction (“EPC”) Contracts.