Understanding and Negotiating Turnkey and EPC Contracts, 4th Edition

Understanding and Negotiating Turnkey and EPC Contracts, 4th Edition

This book is a must-have for construction professionals who prepare and negotiate Turnkey and EPC contracts. It allows users to grasp crucial elements when working on dispute situations and to obtain a complete understanding of contract provisions.

Key features of Understanding and Negotiating Turnkey and EPC Contracts:

• 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, providing commentary and guidance on the new features of the 2017 FIDIC Silver Book, such as the 30 newly defined terms, improved liability provisions, new termination triggers, 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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