Date / Time:
Friday, October 12, 2018
11:15 am – 12:00 pm Registration & Networking
12:00 pm – 1:00 pm Lunch & Program
1:00 pm – 1:45 pm Networking
“Shifting the Risk: Transitioning from Cost-Reimbursable to Lump Sum Contracting”
Cost-reimbursable contracts appear to be losing their foothold in the large-scale EPC contracting arena as more and more project owners move to lump sum pricing. While it may seem that lump sum contracts shift much of the risk for schedule and cost back to the contractor, there are hidden risks for all stakeholders. This interactive panel will encourage a dialogue between owners and contractors as we explore best practices for managing projects in a lump sum versus cost-reimbursable environment. Participants will gain tools and strategies to assess the shift in risk when transitioning from cost-reimbursable to lump sum contracts, understand key differences in administering changes under a lump sum versus reimbursable contract, and address the “cost-reimbursable mindset” that may hinder success on lump sum projects.
Louise Blake, Director, Commercial Risk, KBR
Louise Blake has 25 years of experience working for global contractors in the onshore and offshore EPC and maintenance and operations fields. Her project lifecycle execution experience includes bid development and negotiation, project management, subcontracts and supply chain management, and contracts and commercial management. She focuses on the development and implementation of commercial strategies, processes and procedures, commercial risks evaluation and mitigation, commercial model development and implementation, and contract terms negotiations through to final account, including management of claims.
Shelley Eichenlaub, Senior Legal Counsel, Motiva Enterprises LLC
Shelley Eichenlaub is Senior Legal Counsel for Major Projects at Motiva Enterprises, LLC. In her role she is currently providing legal guidance for several chemical expansion projects being considered by Motiva and sits on the Major Projects Leadership Team. Prior to joining Motiva, Shelley was Senior Legal Counsel for Anadarko where she provided legal advice and managed contract drafting and negotiations for the Mozambique LNG Project, a world-scale, integrated LNG megaproject. Prior to Anadarko, Shelley worked at Sasol, serving on the U.S. Megaprojects team as lead lawyer for a suite of engineering, construction, and procurement contracts for the Lake Charles Chemical Project, a world-scale ethane cracker and derivatives complex. Shelley began her legal career at KBR, providing practical legal guidance on numerous international and domestic project transactions from planning to execution.
Andrew B. Rhodes, CCP, PSP, President, The Rhodes Group
Andrew Rhodes is the President and founder of The Rhodes Group, an international construction consulting firm with offices in Pittsburgh and Houston. Andrew is a recognized expert in the areas of schedule delay analysis, labor productivity, and construction-related damages. He assists EPC contractors, subcontractors and owners throughout the project lifecycle in their efforts to effectively manage and pursue the recovery of time and additional costs, defend against unjustified claims and avoid formal disputes. With over 20 years of experience, Andrew has conducted and directed the analysis of hundreds of construction-related claims in connection with formal disputes and on-going projects. He has evaluated claims exceeding $750 million and has been involved with multi-billion dollar projects in North and South America, Australia, Asia and Africa. His project experience includes complex projects in the oil and gas, power, mining, transportation and industrial sectors.
- $25 per person for online registration ($35 per person at the door)
- Free for Rice Students (registration required in advance)
- $15 for Rice Faculty (registration required in advance)
Online registration will close at Noon on Thursday, October 11, 2018. A boxed lunch will be served.
Location & Parking:
Grand Hall in the Rice Ley Student Center
Detailed campus maps are available on the web at http://www.rice.edu/maps/. The Ley Student Center is located in the central part of Rice campus. The Central Campus Garage, which is the closest parking facility, is located to the across the street from the Student Center.
In the possibility the underground parking is full, the second closest parking is the West Lot. Continue down the Laboratory Loop Road to the stop sign. The campus also offers a bus shuttle that runs about every 15 minutes as it loops the campus.
Note: In order to protect the privacy of the luncheon attendees, the list of attendees is not published or distributed.
This Roundtable qualifies for one (1) Professional Development Hour (PDH). Your email confirmation at completion of registration serves as your PDH and payment receipts. Paper receipts may be picked up at the registration desk at time of check-in.