Description
Turnkey contracts take a range of forms and at present no single model contract covers them all. As part of the suite of model construction contracts, the International Chamber of Commerce (ICC) developed the ICC Model Contract Turnkey Supply of an Industrial Plant. The model contract was designed specifically for turnkey contracts involving the supply of industrial plants or production lines to be erected within facilities which already exist or which are constructed by the purchaser.
The model has special characteristics: The supplier is obliged to supply the equipment and assist the purchaser, and performs these obligations within facilities that are under the purchaser’s control.
This model contract takes account of all of these specifics and contains enough flexibility for the parties to work out special situations for themselves. To leave the greatest possible space to alternative solutions, many issues including raw materials, time schedule, erection equipment, among others, are covered in the annexes.
Each ICC Model Contract includes a fully editable version in Microsoft Word, permitting you to easily adapt the contract to your specific case.
