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The International Federation of Consulting Engineers (commonly known as FIDIC, acronym for its French name Fédération Internationale Des Ingénieurs-Conseils) is an international standards organization for construction technology and consulting engineering. The organization is best known for the FIDIC suite of contract templates.
A standard form contract (sometimes referred to as a contract of adhesion, a leonine contract, [a] a take-it-or-leave-it contract, or a boilerplate contract) is a contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the other party has little or no ability to negotiate more favorable terms and is thus placed in a "take it or leave it ...
Under a re-measurement (or remeasurement) contract, the price to be paid for the whole work is to be ascertained by measurement in detail of the various parts of the work and the valuation of the work done by reference to a schedule of prices included in the contract. [3] The FIDIC Red Book 4th edition [17] (the predecessor of the 1999 Red Book ...
An EPC, LSTK, or EPCC all are the same types of contracts. This form of contract is covered by the FIDIC (International Federation of Consulting Engineers) Silver Book [2] containing the title words EPC/turnkey. The initials EPCM are also encountered frequently on international projects, but this is very different from EPC.
He concluded the FIDIC strategic negotiations with most multi-lateral and bi-lateral Development Banks (MDBs) to adopt FIDIC standard form of Contract 2017 to be included in their Standard Procurement Documents used for the delivery in excess of $170 billion infrastructure investment funded by the following MDBs: The World Bank (WB) [6]
In Singapore, clause 31.4(1) of the Public Sector Standard Conditions Of Contract (PSSCOC) issued by the Building and Construction Authority allows the employer to terminate a contract "at any time" by virtue of "a written notice of Termination". [9] [8] The FIDIC Red Book 1999 contains similar provisions to the PSSCOC form. [8]