1. Application of standard contracts in EPC/turnkey regeneration projects
Harry LÖWIT, Aleš TOMEK, Jan PÍCHA
Department of Construction Management and Economics, Faculty of Civil Engineering, Czech Technical University in Prague,

2. Objectives Project contracting problems on the Czech market
Impacts on the project if contract management is not applied
EPC/turnkey contract – useful tool for the reconstruction projects?
Contractors’ reasons for not using / refusing standard contracts

3. Methods Qualitative research Phenomenological research method
DATA COLLECTION
Iterviews with the clients, contractors and legal professionals
Surveys
Case studies review - EPC and brownfield regeneration projects
Academic literature survey

4. Results
Complicated contracts consequently contributes to increasing the number of disputes
Standard contracts could reduce the number and frequency of disputes and claims besides time and cost overruns
Projects under the EPC/turnkey scheme with standard contract could work very well
Key factors of successful project contracting:
Application of standard contracts
Good contract management
Detailed knowledge and understanding of a contract
Quality risk management and appropriate risk allocation.