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The Orgalime turnkey contract for industrial works - an alternative to FIDIC's Silver Book?

By: Series: International Construction Law Review ; 21(1) January 2004, 67-82(16)Publication details: 2004Subject(s): Summary: 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.

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.