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Under a turnkey contract, a client enters into an agreement with one party—normally a developer or a contractor—to deliver a project in a completed state and without further input from the client.
Turnkey construction projects can be complex transactions—often requiring complex legal documentation. This ICC model has been developed to reflect international best practice, incorporating carefully drafted provisions covering price, scope, bribery and corruption, and dispute resolution.
Frequently used as the basis for major infrastructure projects in emerging markets, the ICC Model Turnkey Contract for Major Projects is a vital reference point for construction lawyers the world over.
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