The Short Form of Contract is recommended for non-complex engineering and building work of relatively small value. The Guidance Notes for the Green Book recommended that generally it should not be used on projects with a contact value greater than US$500,000, however account needs to be taken of the complexity of the project and the time that has passed since the guidance notes were published. …
Conditions of Contract for Plant and Design Build, which are recommended for the provision of electrical and/or mechanical plant, and for the design and execution of building or engineering works. Under the usual arrangements for this type of contract, the Contractor designs and provides, in accordance with the Employer's requirements, plant and/or other works; which may include any combination…
Conditions of Contract for EPC Turnkey Projects, which are recommended where one entity takes total responsibility for the design and execution of an engineering project. Under the usual arrangements for this type of contract, the entity carries out all the Engineering, Procurement and Construction: providing a fully-equipped facility, ready for operation (at the "turn of the key"). This type o…
The terms of the Conditions of Contract for Design-Build and Turnkey have been prepared by FIDIC and recommended for general use for the purpose of the design and construction of works where tenders are invited on an international basis; with minor modifications, the Conditions are also suitable for use on domestic contracts.
In 1999, a suite of three new conditions of contract was published by FIDIC, following the basic structure and wording harmonised and updated around the previous FIDIC Design Build and Turnkey Contract (the 1992 range Book). These conditions, known as the FIDIC rainbow, were the Conditions of C- tract for: l Construction, the so called Red Book, for works designed by the Employer l Plant and De…
Fourth Edition Highlights a) Impact of the Electronic Commerce Act 2006 on comercial transactions b) Contractual nature of Islamic finanfial products c) Respresentations and terms d) Minors e) Discharge by agreement f) Discharge of braech g) Damages h) (i) Specific perfomance (ii) Injuctions i) EStoppel j) Interpretation of Contracts k) Contracts statute annotations A source…
Fourth Edition Highlights a) Impact of the Electronic Commerce Act 2006 on comercial transactions b) Contractual nature of Islamic finanfial products c) Respresentations and terms d) Minors e) Discharge by agreement f) Discharge of braech g) Damages h) (i) Specific perfomance (ii) Injuctions i) EStoppel j) Interpretation of Contracts k) Contracts statute annotations A source of…
The book provides clear, concise and practical guidance on the understanding, negotiation and management of contracts for international construction and engineering projects. It covers, in a simple and straightforward way, the main features of construction contracts, the underlying notions on which they are based and the various dispute resolution procedures available should a dispute arise, wi…