Organization and associations developing standard construction contracts
The article gives a thorough analysis of the problems of regulatory and legal nature of cross-border private-legal relations, including relations arising 258 from a cross-border construction contract. Analysing the role of international professional associations in the development of model contracts in the construction sector, the author draws attention to the ways their activities are financed and concludes that the work on updating the standard contract documentation is mainly provided for through membership fees and the sale of forms of standard contracts and other contract documentation to construction participants. Analysing the role of cross-border professional associations and other associations in the creation of sources of private international law, the author comes to the conclusion that it is necessary for prospective contracting parties (as well as legislative bodies) to take into account certain features of the model normative documents developed by them. The author assesses the trends in the development of cross-border professional associations and organisations engaged in the development of cross-border construction contracts and contract documentation, and comes to the conclusion that the significance of their work in the conditions of globalisation is steadily increasing.