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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 ...
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.
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 ...
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]
Sub-contracts between the main contractor and its subcontractors (both for sub-contractors selected by the employer and for other sub-contractors): the DOM/1 sub-contract is suitable for use with the JCT's standard building contract, and the DOM/2 sub-contract is aligned with the design and build contract. [11] A standard form of sub-sub ...
If you’re stuck on today’s Wordle answer, we’re here to help—but beware of spoilers for Wordle 1301 ahead. Let's start with a few hints.
Construction law builds upon general legal principles and methodologies and incorporates the regulatory framework (including security of payment, planning, environmental and building regulations); contract methodologies and selection (including traditional and alternative forms of contracting); subcontract issues; causes of action, and liability, arising in contract, negligence and on other ...