The purpose of this ICC model contract is to save resources for companies and their advisers by providing a balanced contractual framework that facilitates and shortens the negotiation process between parties negotiating the turnkey supply of an industrial plant.

The contract covers a particular category of turnkey contracts, i.e. contracts for the supply of a plant or production line to be erected within facilities which already exist or which are constructed by the purchaser. The ICC Commission on Commercial Law and Practice (CLP) is currently preparing a model “comprehensive” turnkey contract, which is more suitable for large civil works or for contracts for the supply of a plant where the contractor undertakes to supply a complete factory.

The publication follows extensive discussion within ICC’s Commission on Commercial Law and Practice (CLP), and particularly involving the Task Force on Turnkey Transactions, chaired by Prof. Fabio Bortolotti (Italy). Other task force members were: Cecily Davis (UK), Erik Dormaar (Netherlands), Bengt Kriström (Sweden) and Jan Pieter Witsen Elias (Netherlands).