Product category:
Trade Associations and Standards
News Release from: IChemE (Institution of Chemical Engineers) | Subject: International Forms of Contract
Edited by the Processingtalk Editorial
Team on 28 November 2007
IChemE launch new international Forms of
Contract
IChemE extends its long-standing Forms of Contract series with the launch of four new international contracts, designed for use within international process-related contracts
After the success of the Consultation Edition of the International Red Book two years ago, the IChemE (The Institution of Chemical Engineers) Contracts Working Party has produced all three main Forms of Contract and the Subcontract The International Red Book - Lump Sum Contracts, The International Green Book - Cost Reimbursable, The International Burgundy Book - Target Cost and The International Yellow Book - Subcontracts were all unveiled at receptions in London and Mumbai
This article was originally published on Processingtalk on 2 Nov 2004 at 8.00am (UK)
Related stories
IChemE helps to put Health and Safety first
In today's society, Health and Safety is a priority for every workplace and chemical engineering is no exception: the IChemE celebrates 30 years of the Loss Prevention Bulletin with new booklets
World forum for innovation in Chemical Engineering
Invitations to participate in a series of industry-led spotlight sessions at the 7th World Congress of Chemical Engineering (WCCE7) will be issued this week
These International first editions have been produced using clear English and are presented with all specific references to UK law removed.
The conditions of contract follow the pattern set in the International Red Book Consultation Edition of having General Conditions complimented by Particular Conditions, and maintain the tradition of extensive guidance notes to both the schedules and the clauses.
Speaking at the London launch, IChemE Contracts Working Party Chairman, Gordon Bateman, said the new editions were a natural step forward: "We are operating in an international market place and to maintain our role in the development of successful contracts there is a clear need to think and act globally".
Guest speaker at the London launch was Mr VS Peter, Deputy General Manager, Hydrocarbons, at Larsen and Toubro , whilst over 4000 miles away in Mumbai, President of Shell Global Solutions and Past-President of IChemE, Greg Lewin hosted the launch, explaining how the new contracts were an excellent example of how the profession can work together for mutual benefit: "IChemE contracts are highly regarded for facilitating the delivery of process plants and globalisation has made international contracts the norm.
These are contracts in which at least one of the parties is contracting outside his home country and/or where the parties recognise that a major part of the plant will be constructed from materials imported into the country where the site is situated".
The launch in India coincided with the signing of a Memorandum of Understanding (MOU) between IChemE and the Indian Institute of Chemical Engineering (IIChE).
The MOU offers a framework to encourage Indian chemical engineers to work toward Chartered Chemical Engineer status.
• IChemE (Institution of Chemical Engineers): contact details and other news
• Email this article to a colleague
• Register for the free Processingtalk email newsletter
• Processingtalk Home Page
Search the Pro-Talk network of sites
