ICC Model Turnkey Contract for Major Projects – 2020 Revision

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.

The ICC Model Turnkey Contract for Major Projects, revised in 2020, provides 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.

Details: 

Table of contents:

• FOREWORD.. 4
• INTRODUCTION.. 6
• Main Contract Form.. 8
• SECTION I – Special Conditions of Contract 10
• SECTION II – General Conditions of Contract 15
• CHAPTER 1 GENERAL AND PRELIMINARY ARTICLES. 15
• CHAPTER 2 THE PARTIES‘ OBLIGATIONS. 25
• CHAPTER 3 THE EXECUTION OF THE CONTRACT. 31
• CHAPTER 4 DESIGN – RESPONSIBILITY AND MANAGEMENT, VARIATIONS. 37
• CHAPTER 5 START DATE, THE TIME TO TAKING-OVER, SCHEDULING AND PROGRESS. 45
• CHAPTER 6 CONTRACT PRICE AND PAYMENT. 51
• CHAPTER 7 COMPLETION AND TAKING OVER OF THE WORKS BY THE EMPLOYER.. 55
• CHAPTER 8 DEFECT CORRECTION PERIOD.. 60
• CHAPTER 9 ALLOCATION OF RISK AND RESPONSIBILITY AND EXCLUSIONS FROM LIABILITY. 63
• CHAPTER 10 FORCE MAJEURE, SUSPENSION AND TERMINATION OF THE CONTRACT, REMEDIES. 66
• CHAPTER 11 INSURANCE. 73
• CHAPTER 12 GENERAL PROVISIONS. 78
• CHAPTER 13 CLAIMS, DISPUTE RESOLUTION AND ARBITRATION.. 84