Question

What is FIDIC?

Compare between FIDIC and JCT?

-Most common between them

-when should be used.

-Give me term and condition of each one.

Answer 1

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 the consulting engineering & construction best known for the FIDIC family of contracttemplates. The fact that the organisation has a French title bears testimony to its foundation in 1913 by three countries each wholly or partly francophone. The founding member countries of the FIDIC were Belgium, France and Switzerland.

Compare between FIDIC and JIC

most common between them-

JCT is the most commonly used construction contract while FIDIC is used usually for international construction contracts. Standard forms of construction contract are very commonly used because they are familiar, they save time and money,and the wording is tried and tested, so minimising the risk of misinterpretation.

When they be used-

FIDIC is a global representative for the consulting engineering industry, promoting the business interests of firms supplying technology-based intellectual services for built and natural environments alike.
FIDIC is well known for its work drafting standard form Conditions of Contract for the worldwide construction industry, particularly in the context of higher value international construction projects, and is endorsed by many multilateral development banks ("MDBs").
FIDIC organises conferences, seminars and training courses and, until 2002, FIDIC ran FIDICdirect, the International Directory of Consulting Engineers, which is now run by ICONdirect. (see icondirect.net)

The Joint Contracts Tribunal, also known as the JCT, produces standard forms of contract for construction, guidance notes and other standard documentation for use in the construction industry.

Term and condition are-

general terms of the FIDIC contract, such issues as rights and obligations of each party, procedure for payment, variation, certification and dispute resolution.