CONDITIONS OF "TURN-KEY" CONTRACT FOR WORKS OF CIVIL ENGINEERING CONSTRUCTION


CONDITIONS OF 'TURN-KEY' CONTRACT FOR WORKS

OF CIVIL ENGINEERING CONSTRUCTION



Concluded between:


Company: 

____________________________________________________________________________

 (name, address, place, state)


represented by 

____________________________________________________________________________

hereinafter called the "EMPLOYER"


and


Company: 

____________________________________________________________________________

 (name, address, place, state)


represented by 

____________________________________________________________________________

hereinafter called the "CONTRACTOR"


The joint term of the Contract for all companies taking part in this Project shall be the "PARTIES".


Objective of the Contract:


On the basis of the results of the previously carried out procedure for selection of the most eligible tenderer, performed at the premises of the EMPLOYER, the CONTRACTOR is assigned to: carry out the construction and supply ____________________________1) in __________________________2), incuding trial run and initial operation of the plant until its regular operation, comply with the design specifications, perform preparatory works necessary for making decision on investment and design, together with preparation of contract, engineering and technical documents. The CONTRACTOR's scope of activities shall cover the consulting, designing, execution of construction works, supply of equipment and its erection, training and other services in accordance with the "turn-key" engineering system.


The CONTRACTOR shall issue the recognized guarantees to the Employer for proper and timely  execution of the above stated works.


The EMPLOYER has already experienced good cooperation with the CONTRACTOR on the jobs of this nature. It is in the mutual interest of the PARTIES to further confirm the confidence entrusted in the best manner. To this end, some privileges and instruments for ensuring the PARTIES rights at the competent authorities and banks in the principle places of business of the PARTIES have already been obtained.


Article 1