These agreements also save inexperienced owners from making difficult construction decisions, leaving these decisions in … EPC/Turnkey Contract 1st Ed (1999 Silver Book) Engineering, Procurement and Construction EPC is a particular form of contracting arrangement used in some industries where the EPC contractor is made responsible for all the activities from design, procurement, construction, commissioning and handover of the project to the end-user or owner. This document is primarily aimed at procurement under Single Stage-Two Envelopes (SSTE) bidding procedure. 099713-0002-02253-NY01.2185056.1 01/03/09 12:32 PM ERRATA to the First Edition, 1999 CONDITIONS OF CONTRACT FOR FOR EPC/TURNKEY PROJECTS First Edition 2000 ISBN 2-88432-022-9 . In the same time, the Project Manager’s responsibilities and liabilities increased depending on the contract in cause. on the Main Contractor organisation, leading to the inception for the Turnkey Contract. However, 3. it may be tailored for adopting Two Stage-Two Envelopes (TSTE) bidding procedure or Two Stage bidding EPC/Turnkey Contract 1st Ed ( Silver Book) | International Federation of Consulting Engineers Contracts and Agreements Fiic English only printed version. install turnkey contracts were also consulted. Conditions of Contract for EPC/Turnkey Projects FORMS OF LETTER OF TENDER, CONTRACT AGREEMENT AND DISPUTE ADJUDICATION AGREEMENT First Edition 1999 ISBN 2-88432-021-0 . The charts are illustrative, however, and must not be taken into consideration in the interpretation of the Conditions of Contract. Acknowledgements The Fédération Internationale des Ingénieurs-Conseils (FIDIC) extends special thanks to its Contracts Committee: Michael Mortimer-Hawkins (Chairman), A turnkey contract also provides more time for an owner to seek financing and investors before he is required to pay for a completed project. Hence the main elements of a successful project management are schedule, cost and QHSE (Quality, Health, Safety and Environment) Project Management On successful award of contractor, … The turnkey contract will be a lump sum fixed schedule contract. Turnkey is a contract comprising Engineering, Procurement and Construction. These historical events guided the authors to the further investigation of the Project Manager’s work in Turnkey Contracts.