FIDIC Form of Contract: A Study Review (Published)
FIDIC (Fédération Internationale des Ingénieurs – Conseils) is an International body whose membership consists of National Associations of Consulting Engineers. It has in publication different suites of contracts used for international engineering projects, viz; FIDIC REDBOOK (Construction), FIDIC YELLOW BOOK (Plant& DB), SILVER BOOK (Turnkey/EPC) and FIDIC GREENBOOK (Short Form Contract). Generally, the FIDIC contract contains 20 Clauses but seventeen (17) of which have common clause names and the suitability of this FIDIC Suite is a measure of ‘Risk distribution’. Whereas there is an obvious similarity with regards to the number of clauses contained in each of the FIDIC Suites, but this paper limits attention only to General Provisions, Force Majeure, Claims, Disputes and Arbitration.
Keywords: Arbitration, Disputes, FIDIC suites, claims, general provisions