Contract risk management in offshore wind construction 2014

Contract Risk Management Offshore Wind Construction 2014

Day 2: Wednesday, 12 February
08:40

Delegate Sign-In And Morning Refreshments

09:10

Chair’s Opening Remarks

Chris Kidd, Partner, Ince & Co

09:20

Defining Your Risk Model To Take Account Of Weather Risk

  • How to manage the knock-on effect of variations in seasons and  weather: the critical path
  • How weather risks are defined and allocated in contract negotiations
  • Defining the operating parameters of weather risk

Michael Bullock, Director , Renewable Risk Advisors

10:00

Managing Your Supply Chain Risk In Long-Term Contract Periods

  • Exploring the necessity for a collaborative approach to project execution for better understanding of risk by contractors
  • How to promote the required cooperation in your supply chain to reduce costs and minimise contingencies in the risk profile
  • A proven approach and the lessons learned in regards to pro-actively managing risks at Tier 1 and 2 of your contractors

Alexander von Massenbach, Project Manager Logistics Excellence Vattenfall

10:40

Networking Break And Morning Refreshments

11:10

Addressing The Technical Challenges Of Subsea Contracting

  • Advantages and disadvantages in contract alliancing
  • Contractual approach to technical risks
  • Contracting with a subsea installation/trenching contractor
  • Escalation of a dispute
  • Alignment of goals

Marco Scura, Executive Management Advisor

11:40

Project Finance From A Contractor Perspective

  • Impact of external financing on offshore (sub)contracts and risk allocation
  • What are the risks for a contractor of having a finance vehicle as its employer?
  • Different tenders, one external financing: will bankability always lead to overall value for money?
  • Direct agreements as the contractor's only contractual link with financiers
  • Advantages and disadvantages in contract alliancing

Wouter Van Den Berg, Legal Counsel, Ballast Nedam

12:10

Understanding Seabed Risk As A Technical Rather Than Legal Challenge

  • Assessing seabed risk from an engineering perspective in order to allocate risk through technical evaluation rather than legal negotiation
  • Should jack-up barge operators cover all or a portion of the seabed risk?
  • How can this be managed through the contract interface?

Adam Ezzamel, Foundations Package Manager, Vattenfall

12:40

Networking Lunch

13:40

Round Table Discussion:
Project Finance And Long-Term Project Outlook

Tailor your Windpower Monthly experience and gain practical insight into market challenges - choose two of our specialist breakout sessions:

  • Assessing the impact of project financing requirements on project execution 
    Clément Weber, Co-founder, Green Giraffe Energy Bankers

  • To what extent does your contract type reduce the need for contingencies in the case of variable risks? 
    Stephen Ward, Head of Project Management, AREVA UK  

  • How do we plan for decommissioning in the future? 
    Adam Ezzamel, Foundations Package Manager, Vattenfall 

  • Is it plausible to build incentive and bonus structures into your contract? 
    Robin Banning, Senior Commercial Manager, Areva

  • Will the use of alliancing mechanisms make offshore wind projects more bankable?
    Matthew Bleasdale, Director, OWLC 

  • Which Supply Chain risks are projects most exposed to and what procurement and contracting strategies can mitigate these?
    Michael Bullock, Director, Renewable Risk Advisors 
  • Hot topic: to be announced
    Thomas Arensbach, Head of Offshore Projects - UK,  Siemens
  • How best to maximise your profitability during the construction phase 
    Victoria Hawkins, Principal, Trajan International

15:00

Networking Break And Afternoon Refreshments

15:30

Assessing Best Practice For Incorporating Your Vessel Contract Into Your Project Plan

  • What is the best strategy for supply chain management of vessels?
  • Do EPC contracts include vessels? What are the alternatives?
  • Who is best placed to absorb the risk associated with vessel uncertainty for future projects?
  • What portion of risk are vessel owners prepared to take?

Mikko Simula, Senior Commercial Manager, Gwynt y Môr Offshore Wind Farm Limited

16:10

Chair’s Closing Remarks And End Of Forum

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