DOI QR코드

DOI QR Code

Deriving Key Risk Sub-Clauses for EPC/Turnkey Contract Conditions for Overseas Construction Projects - Based on FIDIC Conditions of Contract for EPC/Turnkey Projects, second edition 2017 -

해외건설공사 EPC/Turnkey 계약조건 핵심 리스크 세부조항 도출 - FIDIC Silver Book 2017년 개정판 기준으로 -

  • Hong, Seong Yeoll (Department of Civil Engineering, Chungbuk National University) ;
  • Jei, Jae Yong (Department of Civil Engineering, Chungbuk National University) ;
  • Seo, Sung Chul (Department of Civil Engineering, Chungbuk National University) ;
  • Park, Hyung Keun (Department of Civil Engineering, Chungbuk National University)
  • 홍성열 (충북대학교 토목공학과) ;
  • 제재용 (충북대학교 토목공학과) ;
  • 서성철 (충북대학교 토목공학과) ;
  • 박형근 (충북대학교 토목공학과)
  • Received : 2022.09.16
  • Accepted : 2022.10.26
  • Published : 2022.11.30

Abstract

Recently, the global construction market is expected to grow at an annual average of 4.8% by 2025 and the risk of overseas construction is also expected to increase accordingly. In particular, domestic construction companies intensively participated in the EPC(Engineering, Procurement, Construction)/Turnkey project, but as a result of failing to respond to contractual risks, they have suffered losses of trillions of won in overseas business since 2013. Nevertheless, there have been not many studies on the derivation of EPC/Turnkey's contractual key risk sub-clauses. Therefore, in this study, the key risk sub-clauses were studied for the conditions of the 2017 Silver Book contract issued by the International Consulting Engineering Federation(FIDIC). To this end, 30 experts with more than 10 years of experience in international construction contracts were formed as a panel to conduct a Delphi survey on 170 sub-clauses of 21 clauses of FIDIC Silver Book to derive 62 main risk sub-clauses. In addition, the RPN(Risk Priority Number) was finally calculated using the FMEA(Failure Mode and Effect Analysis) technique, and 25 key risk sub-clauses within the Critical Risk range were derived. Through the results of this study, the practical point of view is able to refer to the contract provisions to be carefully reviewed at the bidding and contract signing stage in overseas construction projects. From an academic point of view, it provides direction and basic knowledge of how to study the contract fields used in overseas construction EPC/Turnkey projects.

최근 세계 건설시장은 2025년까지 연 평균 4.8%씩 성장할 것으로 예상하고 있으며, 이에 따른 해외건설 리스크도 증가할 것으로 전망하고 있다. 특히, 국내 건설업체들은 EPC(Engineering, Procurement, Construction)/Turnkey 사업에 집중적으로 참여하였지만, 계약적 리스크에 대응하지 못한 결과, 2013년부터 수조원대의 해외사업 손실을 입은 경험이 있다. 그럼에도 불구하고, 지금까지 EPC/Turnkey의 계약적 핵심 리스크 세부조항 도출에 대한 연구는 많지 않았다. 따라서 본 연구에서는 국제컨설팅엔지니어링연맹(FIDIC)에서 발행한 2017년 Silver Book 계약조건을 대상으로 핵심 리스크 세부조항을 연구하였다. 이를 위해서 국제건설계약 경험이 10년 이상인 30인의 전문가를 패널로 구성하여 FIDIC Silver Book 21개 조항 170개 세부조항을 델파이 설문조사를 실시하여 62개의 주요 리스크 세부조항을 도출하였다. 또한, 최종적으로 FMEA(Failure Mode and Effect Analysis)기법을 활용하여 RPN(Risk Priority Number)을 산정하였으며, Critical Risk 범위에 속하는 25개의 핵심 리스크 세부조항을 도출하였다. 본 연구 결과를 통하여 실무관점에서는 해외건설사업에서 입찰 및 계약체결 단계에서 주의 깊게 검토해야 할 계약조항들에 대해 참조할 수 있게 해주고, 학문관점에서는 해외건설 EPC/Turnkey 사업에서 사용되는 계약분야에 대해 어떤 방식으로 연구해야 할지의 방향성과 기초적 지식을 제공하고 있다.

Keywords

References

  1. An, B.H., Kim, J.E., and Kim, Y.S. (2013). "The analysis of the weights of country risk by participants of overseas construction projects." Korean Journal of Construction Engineering and Management, KICEM, 14(2), pp. 150-159. https://doi.org/10.6106/KJCEM.2013.14.2.150
  2. Construction & Economy Research Institute of Korea (2018). "2018 Construction Issue Focus", CERIK, Seoul, Korea.
  3. Hong, S.Y., Jei, J.Y., Seo, S.C., and Park, H.K. (2022). "Deriving Key Risk Sub-Clauses of FIDIC Conditions of Standard Subcontract-Based on FIDIC Conditions of Subcontract for Construction, edition 2011." KSCE Journal of Civil and Environmental Engineering Research, KSCE, 42(3), pp. 439-448. https://doi.org/10.12652/KSCE.2022.42.3.0439
  4. Hyun, H.B. (2016). "Identification of Contractual Risk Factors for Application in the Overseas Construction Projects based on FIDIC Red Book 1999 Edition." Journal of the Korean Society of Civil Engineers, 36(6), pp. 1153-1160. https://doi.org/10.12652/Ksce.2016.36.6.1153
  5. International Federation of Consulting Engineers (2017). Conditions of Contract for EPC/Turnkey Projects, FIDIC, Geneva, Switzerland.
  6. Kang, J.S (2016). "A study on hedge strategy for contractor' s risk factors in FIDIC contract conditions." Master's Dissertation, Woosong University of Railroad Science.
  7. Kim, H.M., and Woo, I.S. (2013). "A Study of Methods on Risk Assessment for Plant Construction using FMEA (Failure Mode and Effect Analysis)." Journal of the Korean Society of Safety, 28(4), pp. 81-90. https://doi.org/10.14346/JKOSOS.2013.28.4.081
  8. Koh, H.S. (2014). "Risk Analysis of Contractual Provisions for EPC/Turnkey Projects : Contractor's Liability Position." Master's Dissertation, Pohang University of Science and Technology.
  9. Lawshe C.H. (1975). "A Quantitative Approach to Content Validity." Personnel Psychology, 28, pp. 563-575. https://doi.org/10.1111/j.1744-6570.1975.tb01393.x
  10. Noh, S.Y. (2006). "Delphi Technique : Forecasting the Future with by technical insight." Planning and Policy, KRIHS, 299, pp. 53-62.
  11. Park, J.S. (2016). "Failure Mode and Effects Analysis for Risk Management of Energy Storage System, Master' s Dissertation." Dept. of Safety Engineering, Chungbuk National University.
  12. Seo, J.P. (2011). "Evaluation of Impact Assessment of the Cost Risk-Factor for the Design-Build Projects Based on FMEA." Master's Dissertation, Dept. of Architecture, Soongsil University.
  13. The Export-Import Bank of Korea (2022). "2022 Semiannual Report." Eximbank, Seoul, Korea.
  14. Yoo, W.H. (2011). "Contractual Risk Evaluation Model for International Construction Projects using FIDIC Silver Book." Journal of the Architectural Institute of Korea Structure and Construction, 27(11), pp. 159-168.
  15. Yu, J.H., Song, J.W., and Kim, C.D. (2008). "Construction safety management using FMEA technique for selecting priority order." Korean Journal of Construction Engineering and Management, KICEM, 9(6), pp. 185-193.
  16. Zhi, H. (1995). "Risk management for overseas construction projects." International journal of Project Management, 13(4), pp. 231-237. https://doi.org/10.1016/0263-7863(95)00015-I