A must-have resource for construction practitioners drafting and negotiating Turnkey and EPC contracts. It enables the users to understand key points when working on dispute cases and gain a thorough understanding of the clauses in the contracts. Key features: Provides insight and guidance when dealing with EPC-turnkey contracts Offers a comparison of the terms of the 2017 Silver Book with the 1999 Silver Book, 2017 Yellow Book and 2017 Red Book; Takes a practical clause-by-clause approach offering practical commentary and guidance on the new features of the 2017 FIDIC Silver Book including the 30 newly defined terms, improved liability provisions, new triggers for termination, re-written insurance provisions, active contract management approach, re-structured variations clause, enhanced defects notification, commencement, delays and suspensions clause and re-formulated claims and disputes procedure Provides commentary on a selection of the latest standard form contracts published in the construction industry other than FIDIC namely the JCT, NEC4 ECC, IChemE, AIA, DBIA, ENAA and ICC contracts; Features the authors' bespoke EPC-turnkey contract used for tendering a multi-billion dollar expansion of a refinery; Guides you on what to consider when putting together a case, drafting a contract or negotiating terms with a client from the perspective of both the contractor and the employer; Considers risk allocation for contracts Uses flowcharts and diagrams to illustrate key points
CONTENTS
Types of Contract
Turnkey and EPC Contracts (Including the FIDIC Silver Book)
The Use of the FIDIC Silver Book in the Context of a Project Financing
The Contract
The Employer
The Employer's Administration
The Contractor
Design
Staff and Labour
Plant, Materials and Workmanship
Commencement, Delays and Suspension
Tests on Completion
Employer's Taking Over
Defects Liability
Tests after Completion
Variations and Adjustments
Contract Price and Payment
Termination by Employer
Suspension and Termination by Contractor
Care of the Works and Indemnities
Insurance
Force Majeure
Claims
Disputes and Arbitration
A must-have resource for construction practitioners drafting and negotiating Turnkey and EPC contracts. It enables the users to understand key points when working on dispute cases and gain a thorough understanding of the clauses in the contracts. Key features: Provides insight and guidance when dealing with EPC-turnkey contracts Offers a comparison of the terms of the 2017 Silver Book with the 1999 Silver Book, 2017 Yellow Book and 2017 Red Book; Takes a practical clause-by-clause approach offering practical commentary and guidance on the new features of the 2017 FIDIC Silver Book including the 30 newly defined terms, improved liability provisions, new triggers for termination, re-written insurance provisions, active contract management approach, re-structured variations clause, enhanced defects notification, commencement, delays and suspensions clause and re-formulated claims and disputes procedure Provides commentary on a selection of the latest standard form contracts published in the construction industry other than FIDIC namely the JCT, NEC4 ECC, IChemE, AIA, DBIA, ENAA and ICC contracts; Features the authors' bespoke EPC-turnkey contract used for tendering a multi-billion dollar expansion of a refinery; Guides you on what to consider when putting together a case, drafting a contract or negotiating terms with a client from the perspective of both the contractor and the employer; Considers risk allocation for contracts Uses flowcharts and diagrams to illustrate key points