On 5 February 2013, the IChemE launched a complete suite of the
new editions of the UK Forms of Contract for Process Plants. Paul
Buckingham reviews the key changes in these widely used process
industry forms.
Construction projects are about using materials and resources
cost effectively to have something built. Identifying the right
form of contract, and thereby allocating the risks and
responsibilities in an appropriate manner, is a crucial part of
that process.
Engineering projects involve parties accepting substantial
liabilities and risks and, in the main, these liabilities and risks
flow from the terms of the underlying contract agreed between the
parties.
Traditional building and civil works contracts tend to focus on
appearance and functionality, with less attention paid to the
underlying design.