Non-Dick -- Design, Procurement, and Construction (EPC) Turnkey Project Contract Conditions

Author: Compiled by China Engineering Consultancy Association
Publisher:
Publish Date: 2002-05-13
Features: This "Design-Buy-Construct (EPC) / Turnkey Project Contract Conditions" (Chinese-English Parallel Edition) is the newly revised English version compiled by the FIDIC (International Federation of Consulting Engineers) according to the FIDIC standards. It was organized and finalized by FIDIC's member association in China, the China Engineering Consultancy Association, with the participation of experts. This book is not based on modifications of FIDIC's previous contracts but is entirely newly written and is the first of its kind. It inherits the advantages of FIDIC's original contract conditions while making significant adjustments based on years of practical experience, as well as suggestions and opinions from experts, scholars, and all relevant parties. The book includes the general conditions of Design-Buy-Construct (EPC) / Turnkey Project Contracts, an agreement on dispute resolution with general conditions, guidelines for drafting specific conditions, sample guarantee letters, as well as formats for bid forms, contract agreements, and dispute resolution agreements. This book is recommended for projects delivered in a turnkey manner, such as processing or power equipment, factories or similar facilities, infrastructure projects, or other types of development projects. This approach (i) provides greater certainty regarding the final price and required duration of the project, and (ii) entrusts the entire design and implementation responsibilities to the contractor, with minimal involvement from the employer. Typically, in turnkey projects, the contractor handles all design, procurement, and construction (EPC), delivering a fully equipped facility ("turning the key") ready for operation. Target Audience: Engineering consulting firms, departments and organizations engaged in investment, finance, and project management, project owners of various types, construction supervision enterprises, engineering contracting companies, environmental protection enterprises, accounting/law firms, insurance companies, and relevant universities and institutions.