Turnkey Construction Agreement Sample

This contract model contains certain general conditions that are generally applied in the vast majority of turnkey contracts, although there are other conditions that need to be changed to reflect the circumstances of each contract and which are characterized as specific conditions; The contract schedule contains a guide to the development of these specific conditions that change the terms and conditions of sale. In addition to this guide, the annexes contain several types of documents: tender letters, contract agreements and templates for the litigation agreement. All of these documents are part of the documentation that must be submitted by companies applying for a turnkey project, especially if it is carried out in an international environment. The main features of the EPCM (Engineering, Supply and Construction Management) project are that DSEC works “for and on behalf” of the investor. DSEC`s commitment is therefore a financing obligation that provides clients with fully reliable support throughout the implementation of its project. DSEC is, however, able to assume, under certain conditions, certain debts arising from benefits, budget and schedule, in order to significantly reduce the risk of construction. This standard contract for turnkey projects is intended to be suitable for all industrial and builder projects, large and smaller, in particular E-M (Electrical and Mechanical) and other process installation projects implemented worldwide by all types of employers who wish to implement their turnkey projects and with a strict bipartisan approach. Under the usual turnkey contract approach, the contractor carries out all engineering, procurement and construction management (EPC – engineering, acquisition and construction) and provides a fully equipped and operational facility (“turnkey”). A turnkey contract first contains provisions relating to the transfer of risks, the contractors` commissions and the rights and obligations of the promoter and contractor.