Project risks and risk allocation on infrastructure projects can vary significantly between countries, across different industries and particularly in developing jurisdictions where risk profiles have not been settled and new participants often have disproportionate bargaining power.

Nonetheless, there are some common themes and issues on international infrastructure projects which contracting parties should be prepared to consider. EPC Contracts Engineer, procure and construct (EPC) contracts are a common form of contract on major infrastructure projects internationally, particularly where the project involves the procurement of operational plants. An…