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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.

complexities of large projects and the decreased risk appetite of contractors in the global projects arena. There is a shortfall between expectation and actuality in many of the ... Contract for EPC Turnkey Projects ... and one component of the risk management arrangements and contractual framework used on large projects. Thus, the extent to ...

  Management, Global, Risks, Contract, Risk management, Article