FIDIC Engineering Contracts - 6 Essential Modules

Introduction

The FIDIC standard form of contract was launched in 1957 and remains the contract form of choice for international engineering projects.

Known as the ‘rainbow suite’ FIDIC 1999 and now 2017 editions, are approved by the World Bank, and therefore appeal to projects funded in this way.

It is well-known that FIDIC is a robust and detailed contract, one which brings rigour to project delivery and contract management. It is a precise contract, which requires actions by the parties, many time-bound and strictly interpreted. It pays, therefore, to be well-versed in its processes and procedures.

Due to the extensive range of sectors within the ‘suite’ (turnkey/EPC/DBO etc. plus short forms), parties can choose the appropriate contract, and then tailor it to suit. Time, cost, and quality requirements are extensively catered for.

This 6 part modular webinar series will cover all the key points about FIDIC so you can start to get to grips with this form of contract and use it successfully as the basis for your projects.

What You Will Learn

This webinar boxset will cover the following:

Module 1 - FIDIC Overview

• What is FIDIC’s background philosophy, structure and what is in the ‘rainbow suite’?
• How FIDIC aligns to other contracts: time, cost and quality
• The role of the engineer

Module 2 - Delivery & Risk

• Parts I and II of the contract, and the hierarchy of interpretation
• The Employer’s Requirements and the Contractor’s Documents
• Variations: process, and the right to object

Module 3 - Cost Management

• Basis: remeasurement
• Payment procedures: Interim Payments and Final Payments
• Money claims

Module 4 - Quality Management

• Design obligations and Care of the Works
• Tests on completion and tests after completion: quality assurance
• Failure in performance, and performance damages

Module 5 - Time Management

• How does FIDIC measure project progress and manage time and programme?
• Acceleration, and mitigating against delay
• Time claims

Module 6 - Dispute Avoidance & Resolution

• FIDIC disputes: typical sources
• Dispute avoidance: the FIDIC ‘amicable settlement’ way
• Formal options for determination and resolution of FIDIC disputes: adjudication and arbitration

This webinar was recorded on 31st October 2022