Understanding and Negotiating Turnkey and EPC Contracts

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