A Practical Guide to Responding to ICV Letters from Project Management Consultants In large engineering and infrastructure projects, contractors often face a recurring administrative challenge: managing and responding to multiple compliance letters from the Project Management Consultant (PMC) or the Employer. One common area where this occurs is In-Country Value (ICV) compliance, particularly in jurisdictions … Read more
Introduction In Engineering, Procurement, and Construction (EPC) projects, procurement is not a back-office function—it is a critical risk interface between design intent and physical execution. Among the various procurement risks, vendor delay remains one of the most persistent and underestimated threats. A typical scenario—advance payment released against a proforma invoice, followed by repeated assurances but … Read more
Introduction In Engineering, Procurement, and Construction (EPC) projects, timelines are not merely targets—they are contractual obligations tied to financial exposure, stakeholder confidence, and reputational standing. Yet, one of the most underestimated risks in project execution is vendor delay, particularly in the procurement of critical materials. A seemingly routine delay—such as the non-delivery of reinforcement steel … Read more
Table of Contents 1. Introduction In international construction projects, unforeseen events can severely affect contractual performance, timelines, and costs. Force Majeure (termed Exceptional Events under FIDIC Silver Book 2017) provides a legal and procedural mechanism to relieve parties from liability when extraordinary events prevent or delay performance. This handbook offers a comprehensive guide to Force … Read more