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International Forms of Contract User Guide published

14 October 2008

IChemE (the Institution of Chemical Engineers) has published a guide to support users of its ‘International Forms of Contract’ series.

International Forms of Contract User Guide published
International Forms of Contract User Guide published

IChemE contracts are designed for use within the process industries. ‘The International Forms of Contract User Guide’, ‘The International Purple Book’ offers advice on using the 2007 International versions of the ‘Red’ (Lump Sum), ‘Green’ (Reimbursable), ‘Burgundy’ (Target Cost) and ‘Yellow’ (Subcontracts) books. The guide is designed to support both new and experienced contract users, explaining the intended use of each contract.

IChemE international contracts are intended for projects where the contract may be subject to English or (more probably) another system of law; the Contractor and Purchaser may, and probably will, be based in different countries; and/or the Contractor will undertake to construct the Plant on a site that is in, for the Contractor, a foreign country.

Gordon Bateman, Chair of IChemE’s ‘Forms of Contract’ drafting committee said “The chemical and process industries operate in an international market place and the development of international contracts is important. This guide is designed to take users through the detail and intricacies of international contracts.”

For over 40 years IChemE has published ‘Forms of Contract’ specifically for the process industries. The suite of contracts is underpinned by a performance based philosophy, taking into account the need for process plants to be judged by their operational performance. This approach marks a fundamental difference to other contracts used in the wider construction industry.

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