Companies of all sizes wanting to cooperate on major construction projects, whether international or domestic, require solid and balanced terms and conditions for such cooperation. It is vital that the arrangements put in place be durable, clear and equitable thereby enhancing business in general.
The ICC Model Contract Consortium Agreement created by the International Chamber of Commerce (ICC) addresses these needs by providing a unique, balanced platform that is fair to all parties and enables participation and governance as a consortium. The model accommodates the desire of all parties for a solid unanimous decision-making process, a clear allocation of participation and provision of resources, while considering the need for swift and effective dispute resolution and for complete and informed allocation of risks.
Each ICC Model Contract includes a fully editable version in Microsoft Word, permitting you to easily adapt the contract to your specific case.
This model contract is available in English, contact your local ICC to enquire about a translated version National committees - ICC - International Chamber of Commerce (iccwbo.org)
| Code ISBN : | 978-92-842-0681-0 |
| Number of pages : | 38 |
| Publishing date : | 2024 |
| Language : | English |
| Format in cm : | 20.9*29.9 |
Foreword..... 3
ICC Model Consortium Agreement..... 4
Introduction..... 6
Main Agreement Form..... 9
Section I
Special Conditions..... 11
Section II
General Conditions..... 13
Article 1 Definitions and Interpretation..... 13
Article 2 Formation of the Consortium..... 14
Article 3 Participation / Allocation..... 14
Article 4 Organization and decision making..... 15
Article 5 Principles of Cooperation..... 19
Article 6 Preparation, submission and acceptance of the Offer..... 20
Article 7 Project Implementation..... 21
Article 8 Securities..... 22
Article 9 Insurance..... 22
Article 10 Financials..... 23
Article 11 Taxes..... 24
Article 12 Confidentiality..... 25
Article 13 Liability..... 25
Article 14 Insolvency and Expulsion..... 29
Article 15 Duration and Termination..... 31
Article 16 Disagreements, Dispute resolution and Arbitration..... 31
Article 17 Choice of law..... 32
Article 18 Miscellaneous..... 32
Annex 1
Scope of Work..... 35
Annex 2
Time Schedule..... 36
About the International Chamber of Commerce (ICC)..... 37
ICC Publications..... 38