FIDIC Form of Contract - The Key Changes Explored

Introduction

FIDIC is the most commonly used international form of construction contract.

The FIDIC 2017 suite of contracts was updated in November 2022 and this webinar will cover the key changes.

What You Will Learn

This webinar will cover the following:

• What are the different FIDIC contracts and when should they be used?
• The key changes in the FIDIC red, yellow, and silver contracts (per November 2022 reprint)
• The amended definition of ‘claim’
• The amended definition of ‘dispute’
• When parties are required to update the performance security
• Changes to how errors in the site data are addressed
• Clarifications on when the employer is deemed to have taken over part of the works
• Amendments to the DAAB provisions
• The FIDIC golden principles
• Making claims and resolving disputes under the FIDIC contracts
• Limitations on liability under the FIDIC contracts