ICC Model Turnkey Contract for Major Projects

International turnkey construction projects are often complex transactions, requiring correspondingly complex legal documentation. Moreover, many such major construction projects are an important element in international development, and it is vital that the arrangements put in place be durable, clear and equitable.

ICC has prepared ICC Model Turnkey Contract for Major Projects for use in major projects in order to provide contractors and employers with a unique, balanced platform that is fair to all parties. At the same time, the model accommodates the desire of all parties for price and scope certainty, the need for swift and effective dispute resolution, and the need for complete and informed allocation of risks.

Table of Contents

Introduction, Foreword

Main Contract Form

Conditions of Contract:

1. General and Preliminary Articles
2. The Parties’ Obligations
3. The Execution of the Contract
4. Design – Responsibility and Management; Variations
5. Commencement; the Time to Taking-Over scheduling and Progress
6. Contract Price and Payment
7. Completion and Taking-Over of the Works by the Employer
8. Defect Correction Period
9. Allocation of Risk and Responsibility and Exclusions from Liability
10. Force Majeure and Termination of the Contract
11. Insurance
12. Miscellaneous Provisions
13. Claims, Dispute Resolution and Arbitration