The world is changing and changing fast. Yesterday’s solution may not work today. Hope clients find this insight helpful.
What to expect from your FIDIC dispute adjudication board members A dispute adjudication board (DAB) aims to stop disputes over FIDIC contracts ending up in commercial arbitration. FIDIC is the International Federation of Consulting Engineers, known by its French acronym. It was formed in 1913, with the objective of promoting the interests of consulting engineering…
FIDIC 2017 VS FIDIC 1999: FUNDAMENTAL CHANGES THE BACKGROUND FOR THE CHANGE As for construction field, a popular standard form of construction and engineering contract, especially First Edition Rainbow Suites of contracts published by the Fédération Internationale des Ingénieurs-Conseils (FIDIC) have played inevitably important role nearly past two decades. Firstly, launched in 1999, they were…
This article addresses an overview of key differences between the Red Book (1999), the FIDIC Yellow Book (1999) and the FIDIC Silver Book (1999). FIDIC contracts are commonly used on international construction and engineering projects. A Comparison Between The 1999 FIDIC Suite of Contracts It is indicated that legal practitioners and/or Contracts-QS Managers find difficult…
