This is a sample of 16 pages out of 103 of the Contract for Turnkey Project.
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- Turnkey Project. The Parties agree that this Agreement is a turnkey contract and Suppliers obligation is to provide System Owner with a fully operational System meeting the Specifications (as defined below) for the Contract Price and completed in accordance with the terms of this Agreement.
- The ICC Model Turnkey Contract for Major Projects responds to the markets need for a reliable and equitable template, providing a set of clear and concise standard provisions regarding provision of a turnkey project that will save parties time and money in the negotiation process.
It outlines the following key points: 1) The turnkey contractor agrees to construct a building for the owner based on designs by an architect, for a total contract sum, within 24 months.
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