each a Party and collectively the Parties.

WHEREAS:

  1. the Employer has decided to engage the Contractor to design, procure, supply, execute, install, commission and complete on a turnkey basis the Works as described in this Contract, and to perform the Works for payments as provided herein; and
  2. the Contractor has agreed to such engagement on the terms and subject to the conditions of this Contract as provided herein.

IT IS AGREED AS FOLLOWS:

1. The Contractor will design, procure, supply, execute, install, commission and complete on a turnkey basis the Works as described in this Contract, and perform the Works for the compensation provided for herein as more particularly described in the Conditions of Contract and Schedule of Contractual Amendments attached hereto; and

2. The Employer will pay the Contractor the price of _______________________1 (the Contract Price) and perform the other actions required of it on the terms and subject to the conditions of this Contract, as more particularly described in the Conditions of Contract and Schedule of Contractual Amendments attached hereto. [Page12:]

3. Except as otherwise provided for in the Contract, the Contract covers all of the Parties’ obligations with respect to:

  1. the design, procurement, supply, execution, installation, commissioning and completion on a turnkey basis of the Works as described in the Contract and its Appendices within the Time to Taking-Over as defined; and
  2. the remedying of any Defects within the Defect Correction Period thereafter.

Whereas the Parties have executed this Contract by duly authorized representatives on the day and year first above written.2

1
Sometimes the Contract Price is set out in an Appendix to assist in keeping it confidential.

2
It would normally be a good idea to have a witness from both Parties witness all signatures, and examine the business cards or powers of attorney of those signing as duly authorized representatives. If appropriate, a chop or seal should be attached from the Parties.