| Summary: | FAC-1 is the first standard form of Framework Alliance Contract and follows consultation with 100 engineering and construction clients, consultants and contractors. FAC-1 covers processes and relationships not dealt with in any existing standard form. It is a multi-party ver-arching agreement between any number of framework alliance members, providing a clear basis for: - award of individual contracts forming part of an agreed framework programme; - common alliance objectives, success measures , targets and incentives; - a timetable for stages in the framework programme and shared alliance activities; - joint commitment of alliance members to work beyond the scope of individual project contracts in seeking to achieve improved value.
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