New standard contract for offshore wind projects ensures a fairer distribution of risk
IMCA has published the industry’s first standard contract for transport and installation (T&I) works in offshore wind projects. The contract has been written to ensure a fairer allocation of risk. Building on the release of our Contracting Principles in January 2023, its publication comes on the heels of an IMCA-led campaign for an industry-wide discussion on sustainable contracting in offshore wind. The campaign was highlighted by the UK’s Offshore Wind Champion Tim Pick in his report to UK Government in March 2023 which noted that IMCA’s Contracting Principles, “is a helpful piece of thought-leadership.” In recent months, several high-profile projects