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Plant and equipment purchase contracts

Buyers and sellers are rarely on an equal footing when purchasing plant and equipment. Sellers have an intimate knowledge of their products and plenty of experience while buyers usually purchase infrequently and are relatively inexperienced.

Asking the right questions is the best way to avoid disputes.

Get the full guide

Issues buyers should canvass include:

Scope of supply – what will and won’t be supplied

Price and payment terms – including currency, tax and customs charges, payment dates and method

Delivery dates

Installation, commission and acceptance

Systems integration – compatibility with existing equipment and systems

Training

Warranty and service

Contract variation procedure

Dispute resolution

Download the full guide

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