ABSTRACT
This chapter describes the various types of project-delivery models and available standard forms, to explain a number of the accompanying acronyms. The relational contract models describe processes that will assist the parties to find the right sort of solution for the imperfections of the contract. Large engineering firms assisting large industries in building their plants – either as development or as delivery partner – will, quite often, choose EPCM contracts. If a project is being financed based on project finance, then lenders will typically expect a very high level of construction risk being passed through to (sub)contractors and suppliers at a fixed price. The general and the particular conditions provide the legal framework for the project. Provided contracts and projects allow for certain collaborative processes and provided other criteria are met, basically with all existing standard forms success can be achieved.
