Glossary entry (derived from question below)
English term or phrase:
Convertible EPC Contract
Russian translation:
конвертируемый контракт на инжиниринг, поставки и строительство,
Added to glossary by
Michael Kislov
Sep 26, 2007 18:41
16 yrs ago
1 viewer *
English term
France
M.Chem, 17 years of experience
Native in: Russian 
Works in: English to Russian, Russian to English, French to English, and 1 more.
Convertible EPC Contract
English to Russian
Bus/Financial
Finance (general)
контракт
EPC Contract - сквозной контракт
Proposed translations
(Russian)
| 5 | convertible engineering, procurement and construction (EPC) contract |
Michael Kislov
|
Change log
Oct 1, 2007 10:14: Michael Kislov changed "Edited KOG entry" from "<a href="/profile/138794">Alina Barrow's</a> old entry - "Convertible EPC Contract "" to ""конвертируемый контракт на инжиниринг, поставки и строительство, ""
Proposed translations
16 mins
Michael Kislov
Russian Federation
Russian Federation
Native in Russian
Specializes in field
Russian Federation
Legal & Financial since 1999
Native in: Russian
Works in: Russian to English, English to Russian
Related KudoZ points
:
203
Selected
convertible engineering, procurement and construction (EPC) contract
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Note added at 20 mins (2007-09-26 19:02:25 GMT)
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The convertible contract is another hybrid in which the owner and the contractor share risk in proportion to the uncertainties of the specifications. The contract starts as cost-reimbursable and is converted to fixed-price as engineering proceeds and the projects's scope becomes fully established. Thus the opportunity for the owner to shift the risk to the contractor becomes available. However, negotiating the fixed-price becomes a matter of bargaining rather than competition, as in a pure fixed-price
contract
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Note added at 40 mins (2007-09-26 19:22:09 GMT)
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конвертируемый контракт на инжиниринг, поставки и строительство
--------------------------------------------------
Note added at 20 mins (2007-09-26 19:02:25 GMT)
--------------------------------------------------
The convertible contract is another hybrid in which the owner and the contractor share risk in proportion to the uncertainties of the specifications. The contract starts as cost-reimbursable and is converted to fixed-price as engineering proceeds and the projects's scope becomes fully established. Thus the opportunity for the owner to shift the risk to the contractor becomes available. However, negotiating the fixed-price becomes a matter of bargaining rather than competition, as in a pure fixed-price
contract
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Note added at 40 mins (2007-09-26 19:22:09 GMT)
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конвертируемый контракт на инжиниринг, поставки и строительство
4 KudoZ points awarded for this answer.
Comment: "Спасибо"
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