Section 2
SEC. 2. All contracts referred to in Section 1 hereof hall, in addition, incorporate as integral parts thereof uniform general terms and conditions designed to secure optimum protection of the interests of the Government as owner of the industrial project concerned, and the realization of such project in the most efficient and economical way possible. Such general terms and conditions may, however, be modified on a contract-to-contract basis by the addition of such particular terms and conditions as may be reasonably necessary in the light of the specific features of an individual industrial project and the financial and commercial circumstances surrounding such project. The Ministry of Industry shall issue and promulgate, with the approval of the President of the Philippines, one or more sets of uniform general terms and conditions to be incorporated in differing prevailing types of contracts including, without limitation, lump sum turnkey contracts with or without an escalable loca1 currency component, and cost-plus contracts.