The Orgalime turnkey contract for industrial works - an alternative to FIDIC's Silver Book?
Henchie, N.
The Orgalime turnkey contract for industrial works - an alternative to FIDIC's Silver Book? - 2004 - International Construction Law Review 21(1) January 2004, 67-82(16) .
Reviews the Orgalime "Turnkey contract for industrial works", which was introduced in March 2003. This is the latest in a series of contracts which can be used as an alternative to FIDIC's "Conditions of contract for EPC turnkey contracts" known as ther Silver Book. It aims to provide a fairer allocation of risk between the parties. Provides a summary of its key contractual terms. Examines when it should be used, its variations, extentions of time, limitation of liability and force majeure. Key comparisons are in the form of a table. Concludes it will be preferred by contractors to the Silver Book.
TURNKEY CONTRACTS
SILVER BOOK
RISK ALLOCATION
EXTENSIONS OF TIME
LIMITATION OF LIABILITY
FORCE MAJEURE
ORGALIME TURNKEY CONTRACT FOR INDUSTRIAL WORKS
The Orgalime turnkey contract for industrial works - an alternative to FIDIC's Silver Book? - 2004 - International Construction Law Review 21(1) January 2004, 67-82(16) .
Reviews the Orgalime "Turnkey contract for industrial works", which was introduced in March 2003. This is the latest in a series of contracts which can be used as an alternative to FIDIC's "Conditions of contract for EPC turnkey contracts" known as ther Silver Book. It aims to provide a fairer allocation of risk between the parties. Provides a summary of its key contractual terms. Examines when it should be used, its variations, extentions of time, limitation of liability and force majeure. Key comparisons are in the form of a table. Concludes it will be preferred by contractors to the Silver Book.
TURNKEY CONTRACTS
SILVER BOOK
RISK ALLOCATION
EXTENSIONS OF TIME
LIMITATION OF LIABILITY
FORCE MAJEURE
ORGALIME TURNKEY CONTRACT FOR INDUSTRIAL WORKS