Thursday, July 17, 2008

What is FIDIC ?

FIDIC stands for Fédération Internationale Des Ingénieurs-Conseils, French for the International Federation of Consulting Engineers.It was founded in 1913 by three countries- Belgium, France and Switzerland.FIDIC is well known in the consulting engineering industry for its work in defining Conditions of Contract for the Construction Industry worldwide. FIDIC is head quartered at the World Trade Center in Geneva, Switzerland.
FIDIC is best known for its range of Standard Conditions of Contract for Construction, Plant and Ddesign-build, EPC/Turnkey Projects and Design, build and operate projects. Details are available in the FIDIC Bookshop. FIDIC also publishes the Client/Consultant Model Services Agreement together with the Sub-Consultancy Agreement and the Joint Venture Agreement. FIDIC publishes the MDB Harmonised Edition of the Construction Contract that is used by Multinational Development Banks including the World Bank for their projects. 
In September 1999, FIDIC introduced its new Suite of Contracts, which included a “new” Red, Yellow, Silver and Green forms of contract. The “new” Red Book was intended to replace the 1992 fourth edition of the Red Book, with the ambition that its use would cease with time.

FIDIC forms of contract book is available in leading book stores (ISBN:1405120312)
You may find it interesting to take a look at the table of contents:
Part I Background and Concepts of the Red Book;
Chapter 1 Background of the Red Book
Chapter 2 The Red Book is based on a domestic contract
Chapter 3 Legal concepts based on the common law system
Chapter 4 Drafting principles
Chapter 5 The concept of a trusted independent engineer
Chapter 6 A traditional re-measurement contract
Chapter 7 Sharing of risks
Chapter 8 The concepts in practice
Part II The Fourth Edition: A Commentary
Chapter 9 The revisions - purposes and consequences
Part III The Fourth Edition in Practice
Chapter 10 Role of the engineer
Chapter 11 Responsibility and liability of the engineer
Chapter 12 The employer's obligations
Chapter 13 The contractor's obligations
Chapter 14 Risks, liabilities, indemnities and insurances
Chapter 15 Performance and other securities
Chapter 16 Claims and counterclaims
Chapter 17 Delay in completion and claims for extension of time
Chapter 18 Certificates and payments
Chapter 19 Disputes settlement by arbitration
Chapter 20 Amicable settlement using alternative dispute resolution
Part IV Other Documents Related to the Red Book
Chapter 21 FIDIC's other forms of contract
Part V The 1999 Red Book; The 1999 Yellow Book; The 1999 Silver Book; The 1999 Green Book; Dispute Boards
Chapter 22 The 1999 FIDIC suite of contracts
Chapter 23 The 1999 Red Book
Chapter 24 The 1999 Yellow Book
Chapter 25 The 1999 Silver Book
Part VI Comparison between the text of the three 1999 Major Books: The 1999 Red; the 1999 Yellow; and the Silver Books;
Chapter 27 A precise record of the alterations, omissions and additions in the 1999 Yellow & Silver Books as compared with the 1999 Red Book
Table of cases
Table of clauses

Detailed table of contents is available at the publisher(Blackwell Publishing) website: View Now

It is highly recommended for those professionals who are working in the construction contracts , to go through the book . (If possible study in detail !)

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