IMCA general contracting principles

IMCA has published this discussion document to serve the long-term interests of all industry parties by encouraging an equitable contractual balance based on the respective risks and rewards. This in turn should improve relations, increase efficiency and reduce overall costs.

Risk allocation goals with the very apt acronym ‘FAIR’ lie at the heart.

Reference(s): IMCA LCIC002
Published:February 2017
Version:Rev. 4
Grade:IMCA Informative Guidance

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