Design, Procurement and Construction (EPC) / Turnkey Project Contract Conditions (1999 First Edition) (Chinese-English Parallel Edition)

Author: FIDIC (International Federation of Consulting Engineers)
Publisher:
Publish Date: 2002-05-13
Features: This "Design-Buy-Construct (EPC) / Turnkey Project Contract Conditions" (Chinese-English Parallel Edition) is the new English version compiled and finalized by experts organized by FIDIC's member association in China, the China Engineering Consultancy Association. This book is not based on modifications of FIDIC's previous contracts but is entirely rewritten and newly launched. It inherits the advantages of FIDIC's original contract conditions and has undergone significant adjustments based on years of practical experience, as well as suggestions and opinions from experts, scholars, and relevant parties. The book includes the general conditions of Design-Buy-Construct (EPC) / Turnkey Project Contracts, an agreement on dispute resolution general conditions, a guide for drafting specific conditions, formats of various guarantee letters, as well as formats for bid documents, contract agreements, and dispute resolution agreements. This book is recommended for projects provided 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 performs all design, procurement, and construction (EPC), delivering a fully equipped facility ("turn 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 enterprises, environmental protection enterprises, accounting/law firms, insurance companies, and relevant universities and institutions.