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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.
works, its procurement and subsequent construction.7 Indeed, the Silver Book’s full title is ‘Conditions of Contract for EPC Turnkey Projects’. Thus it uses the terms EPC and turnkey interchangeably, meaning the same thing. A feature of the turnkey approach to contracting, including revenue-generating facilities,
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