Claims Under FIDIC Contract CLAIMS UNDER THE NEW FIDIC CONDITIONS OF CONTRACT Conditions of Contract for Construction, FIDIC Forms. It is known as ‘the Red Book’. The FIDIC Conditions are used extensively on international construction projects, notably for major infrastructure work. The FIDIC Forms are used on projects funded by the World Bank, and the drafts …
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FIDIC Silver Book Introduction to FIDIC Silver Book Introduction FIDIC – the International Federation of Consulting Engineers – published in September 1999 a suite of four new Standard Forms of Contract. This new suite comprises: Conditions of Contract for Construction for Building and Engineering Works Designed by the Employer : The Construction Contract Conditions of …
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Agreement to Arbitration Unlocking Dispute Resolution: The Power of Arbitration Agreements “Disputes are inevitable, but courtrooms aren’t the only answer.” Did you know that arbitration agreements can offer a faster, cost-effective, and confidential alternative to litigation? As businesses and individuals increasingly seek efficient ways to settle conflicts, arbitration has become a cornerstone of Alternative Dispute …
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Can a contractor challenge the liquidated damages ? Introduction: Challenging Liquidated Damages in Construction Contracts Liquidated damages are a predetermined amount of compensation that a contractor may be required to pay to the project owner in the event of a breach of contract, such as delays or non-performance. While liquidated damages are designed to provide …
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Variation Claims Introduction to Variation Claims in Construction Projects Variation claims are a common occurrence in construction projects, arising when the scope of work deviates from the original contract. These deviations can be caused by various factors, including design changes, unforeseen site conditions, or changes in regulations. When a variation occurs, the contractor may be …
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10 Things You Need To Know About FIDIC ( Contract and Clause ). The International Federation of Consulting Engineers (FIDIC) has developed a suite of standard forms of contract that are widely used in the construction industry worldwide. These contracts are designed to provide a clear and comprehensive framework for construction projects, addressing issues such as …
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Arbitration Clause and Agreement Agreement to Arbitration Arbitration are creatures of contract. Thus, the parties can shape an arbitration proceeding to a great extent in their arbitration agreements. I have arbitrated dozens of cases as a sole arbitrator or as an arbitration panel chair or panel member. My experience from that is that well-drafted arbitration …
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FREQUENTLY ASKED QUESTION What is Arbitration? Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court. What is Arbitration Clause? …
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Can a Contractor Claim for Loss of Profit ? Claim under standard forms of contract All standard Forms of Contract provide for the Architect or the Engineer to order variations to the Works, and such variations may include omissions. Whenever variations are ordered that omit work, and particularly if such omissions are substantial in nature, contractors …
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