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•
Clause 18
: The clause regarding the “Insurance” includes pro-
visions under the Contractor or the Employer at or before the
commencement of the work.
•
Clause 19
: The “Force Majeure” clause determines the scope of
the force majeure and the procedure to follow upon such occur-
rence.
•
Clause 20
: The of “Claims/Demands, Disputes and Arbitration,”
includes the procedure to follow in the event one of the parties
demands, and the procedures for, the appointment and func-
tioning of the Dispute Adjudication Board, followed by the
Arbitration Board.
Additionally, every single model contract contains an Appendix
List and example forms in compliance with its content.
The amendments to these model contracts are made by the parties
via negotiation, and the most suitable provisions for the specific pro-
ject are adopted. However, due to the fact that the clauses and the struc-
ture of the model contracts are edited within a certain order, the effects
of the amendments to the contract shall be scrutinized, and conse-
quences to each of the amendments shall be approached with the
utmost care.
Within the framework of the explanations, above, both in terms of
the Employer and the Contractor, in order for the legal and commercial
relationships to function properly, without any problems, the works
must be built on solid legal grounds. Therefore, by using model con-
tracts that are internationally accepted and recognized by the players of
the markets, these works and relations can be performed most effi-
ciently.
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