FIDIC

 

FIDIC stands for the "International Federation of Consulting Engineers," which is an international organization that promotes and represents the consulting engineering industry worldwide. FIDIC has published a suite of contract templates for the construction industry, known as FIDIC Contracts or FIDIC Books.

FIDIC Books are a set of standard contracts that are used in the construction industry to establish legal agreements between different parties involved in a construction project, including the owner, contractor, and engineer. The FIDIC Books cover various aspects of construction contracts, including procurement, design, construction, and operation.

There are several FIDIC Books available, including the Red Book, Yellow Book, and Silver Book, each tailored to suit specific types of construction projects. The Red Book is generally used for construction projects where the design is completed before the contractor is appointed, while the Yellow Book is used for projects where the contractor is responsible for designing and building the project. The Silver Book is used for turnkey projects, where the contractor designs, builds, and hands over the completed project to the owner.

The FIDIC Red Book is a widely used standard form of contract for construction projects. It is published by the International Federation of Consulting Engineers (FIDIC) and is commonly known as the "Conditions of Contract for Construction."

The FIDIC Red Book sets out the terms and conditions that govern the relationship between the employer and the contractor for the construction of works. It covers areas such as the scope of work, time for completion, payment terms, variation and changes to the scope of work, testing and commissioning of the works, and dispute resolution.

The FIDIC Red Book is designed to provide a fair and balanced framework for construction contracts, and it is commonly used by employers, contractors, and engineers around the world. It is important to note, however, that the FIDIC Red Book is not a substitute for legal advice, and parties to a construction contract should seek legal advice to ensure that their rights and obligations are properly understood and protected.

The FIDIC Yellow Book is a standard form of contract for use in engineering and construction projects. It is published by the International Federation of Consulting Engineers (FIDIC) and is commonly known as the "Conditions of Contract for Plant and Design-Build."

The FIDIC Yellow Book sets out the terms and conditions that govern the relationship between the employer and the contractor for the design, construction, and commissioning of a plant or installation. It covers areas such as the scope of work, time for completion, payment terms, design responsibility, variation and changes to the scope of work, testing and commissioning of the works, and dispute resolution.

The FIDIC Silver Book is a standard form of contract for use in turnkey projects. It is published by the International Federation of Consulting Engineers (FIDIC) and is commonly known as the "Conditions of Contract for EPC/Turnkey Projects."

The FIDIC Silver Book sets out the terms and conditions that govern the relationship between the employer and the contractor for the design, engineering, procurement, construction, and commissioning of a complete facility or installation. It covers areas such as the scope of work, time for completion, payment terms, design responsibility, variation and changes to the scope of work, testing and commissioning of the works, and dispute resolution.