Minimising contract closeout risk impact | KPMG | AU

Minimising contract closeout risk impact for ENR projects

Minimising contract closeout risk impact

Over the next 2 years, nearly $70 billion worth of contracts will be closed out on major capital infrastructure projects across Australia, a large portion of which is centred around the large liquefied natural gas (LNG) projects in central Queensland and on the North West Shelf in Western Australia.

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Partner, Project Risk Consulting

KPMG Australia

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The downturn in global energy markets has led to a situation where affected parties – joint venture partners, contractors, employees and all those affected by contract disputes – need to protect their reputations, retain margins and, in several instances, recover costs where projects are challenged economically.

Key topics

KPMG's Global Energy Institute report covers:

  • issues observed that have impacted the closing out of contracts
  • suggestions when closing out a contract
  • lessons learnt.

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