Question

There are several features of FIDIC contracts, describe at least three of them and explain them.

Plz don’t write with hand because i can’t read your handstyle........ thank you :)

Answer 1

SOLUTION : --->

1. FIDIC Easily Accessible - FIDIC contracts represent agreements in the construction and installation field, used as standards in the international arena. These contracts have been drafted by the International Federation of Consulting Engineers. FIDIC contracts do provide guidance on project specific sub-clauses where Particular Conditions might be used.

2. Dispute Resolution - FIDIC contracts adopt a multi-tier dispute resolution process. The emphasis in recent years has been on the amicable settlement of disputes. The process usually provides as a first step, for disputes to be submitted for adjudication before an Engineer or a Dispute Board. If one (or both) of the parties is dissatisfied, a period is allowed for amicable settlement. If the parties are not able to settle the dispute during the ‘amicable settlement’ period, the final stage is to proceed to arbitration. FIDIC contracts provide as a default position that the arbitration rules of the International Chambers of Commerce should apply in the arbitration of disputes arising from the contract.

3. FIDIC have always default hierarchy and its process never changed. Basic hierarchy given below:

1. The Contract Agreement
2. The Letter of Acceptance (this is the formal acceptance of the contractor's tender and marks the formation of the contract)
3. The Letter of Tender
4. Part II – the conditions of particular application
5. Part I – general conditions of contract
6. The Specification and Drawings (Red Book), The Employer’s Requirements (Yellow Book), the Schedules (Red and Yellow Books)
7. Further documents (if any), listed in the Contract Agreement or in the Letter of Acceptance.