Understanding & Negotiating Turnkey & EPC Contracts 4th edition

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

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1. Types of Contract
2. Turnkey and EPC Contracts (Including the FIDIC Silver Book)
3. The Use of the FIDIC Silver Book in the Context of a Project Financing
4. The Contract
5. The Employer
6. The Employer's Administration
7. The Contractor
8. Design
9. Staff and Labour
10. Plant, Materials and Workmanship
11. Commencement, Delays and Suspension
12. Tests on Completion
13. Employer's Taking Over
14. Defects Liability
15. Tests after Completion
16. Variations and Adjustments
17. Contract Price and Payment
18. Termination by Employer
19. Suspension and Termination by Contractor
20. Care of the Works and Indemnities
21. Insurance
22. Force Majeure
23. Claims
24. Disputes and Arbitration