A talk on the use of the FIDIC Conditions of Contract for EPC/Turnkey projects Construction Issues: EPC Contracting and FIDIC Silver Book. Appendix 3. FIDIC (Silver Book) Conditions of. Contract for EPC Turnkey Projects*. Subclause 20 – Claims, Dispute and Arbitration. Contractor's Claims. Download Citation | Appendix 3: FIDIC (Silver Book) Conditions of Contract for EPC Turnkey Projects | Subclause Claims, Dispute and ArbitrationFIDIC.
- Much more than documents.
- Table of contents
- FIDICSilver2017 - FIDIC Silver Book (Conditions of Contract for EPC_Turnkey Projects) 2017.pdf
- Table of Contents
- Webinar: An Introduction To Using FIDIC Contract Terms
- EPC/Turnkey Contract 2nd Ed (2017 Silver Book)
- Group Extras
Much more than documents.
Table of contents
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FIDICSilver2017 - FIDIC Silver Book (Conditions of Contract for EPC_Turnkey Projects) 2017.pdf
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Table of Contents
Embeds 0 No embeds. No notes for slide. That said, they are still the dominant model because sponsors and lenders prefer certainty they offer v1 2 3. Generally limited to directed variations to works Silver Book Arts.
Failure to meet this date will attract LDs. In order for these to be enforceable they must be a genuine pre-estimate of the loss that the project company will suffer if the power station is not completed on time Silver Book Arts.
This is important to service project debt. It is vital then that facility performs in respect of output, efficiency and reliability. This is purpose of the Performance Liquidated Damages payable by the Contractor if performance requirements are not met.
Silver Book does not provide for performance liquidated damages — see e.
Webinar: An Introduction To Using FIDIC Contract Terms
Can be amended as required. Profit also often expressly excluded Silver Book Art. Also note there is often an indemnity for breach Silver Book Art. This will be tied with third party agreements. Test functionality of parts at station but not whole station. Absolute obligation — generally not linked to LDs v1 15 Lender s input will be important in determining this level.
EPC/Turnkey Contract 2nd Ed (2017 Silver Book)
Lender s interest though will be that debt service obligations are met — Sponsor s interest will be to get optimal performances v1 16 Advantages Disadvantages 1. Bankable 1. Higher Contract price than 2. Certainty as far as that is possible alternative structure due to risk 3. Limited scope for Project Sponsor to intervene if problems arise during construction 3. Not many players v1 19 To Silver Book or not to Silver Book?
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