IMCA has published what it says is the offshore wind industry’s first standard contract for project transport and installation works to ensure a fairer allocation of risk.
Building on the organization’s contracting principles release in January, the latest publication comes on the heels of an IMCA-led campaign for industry-wide discussion on sustainable contracting in the industry. Specifically, the campaign called for a more distributed allocation of risk across the supply chain.
“While we won’t have all the solutions for a complex and challenging marketplace, our new standardized T&I contract, written following extensive industry engagement, is a positive step in the right direction,” says Iain Grainger, IMCA CEO. “With widespread adoption it can become the foundation for a fairer and more sustainable approach in offshore wind.”
“This first contract with a limited scope recognizes the current reality of offshore wind construction, including the development of increasingly complex project solutions,” adds IMCA’s Nathalie Louys. “With this document reflecting the FAIR allocation of risks, IMCA aims to set the tone so that the industry can move forward productively and collaboratively as we gear up to help meet global ambitions for offshore wind.”
