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ArticleTurnkey contracting under the FIDIC Silver Book:What do owners want? What do they get?by Jonathan Hosie November 2007 Turnkey contracting under the FIDIC Silver Book: What do owners want? What do they get?Jonathan Hosie IntroductionThis paper concerns turnkey contracting and asks the questions What do owners want? What do they get? The analysis is given a contractual setting by reference to the Conditions of contract for EPC Turnkey Projects published by FIDIC, otherwise known as the Silver Reference was also made to the ICC Model contract when this paper was first planned, though the ICC s new Model contract for Major Projects has not yet (August 2007) been published.

Projects have a large number of moving parts A point worth stressing at the outset is perhaps obvious, but nonetheless important. This is the fact that a turnkey contract will be but one part of the contractual framework

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