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Contract for EPC (Engineering, Procurement, Construction) (FIDIC Silver Book)

The Contract for EPC (Engineering, Procurement, Construction) (FIDIC Silver Book) is recommended for construction projects, which form part of other large-scale commercial project and any financial or other failures occurring in the course of construction are likely to have serious impact on the whole project. By increasing the contract price, a contractor is to undertake additional liability in respect of risks such as unfavourable and unforeseeable geological conditions as well as that fulfillment of a project assigned by an employer may not achieve the overall result. The very detailed contract form provides confidence that a final contract price and an agreed completion date shall remain unchanged.

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