FIDIC SILVER BOOK CONDITIONS OF CONTRACT FOR EPC TURNKEY

CONDITIONS OF CONTRACT FOR EPC TURNKEY PROJECTS, WHICH ARE RECOMMENDED WHERE ONE ENTITY TAKES TOTAL RESPONSIBILITY FOR THE DESIGN AND EXECUTION OF AN ENGINEERING PROJECT. UNDER THE USUAL ARRANGEMENTS FOR THIS TYPE OF CONTRACT, THE ENTITY CARRIES OUT ALL THE ENGINEERING, PROCUREMENT AND CONSTRUCTION PROVIDING A FULLY-EQUIPPED FACILITY, READY FOR OPERATION (AT THE "TURN OF THE KEY"). THIS TYPE OF CONTRACT IS USUALLY NEGOTIATED BETWEEN THE PARTIES.