1986•Energy Technol. (Wash., D.C.); (United States)Requires access
Legal aspects of turnkey contracting for cogeneration projects
I.A. Mermelstein
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Abstract
A discussion is presented which focuses on the use of turnkey contracts as a means for limiting owner's construction and operation risks with respect to project-financed facilities' construction and operation. It emphasizes the perspective of the owner/developer in the negotiation of such contracts. Some important considerations relevant to the use of turnkey contracts in cogeneration and small power project development are discussed. Factors which make the current business climate favorable to developers in negotiating such contracts are identified. Significant owner's risks which can be effectively limited through the use of turnkey contracting are identified. Developer's objectives with respect to the terms of a turnkey construction agreement are discussed. Some important will be realized.