FIDIC`s Conditions of Contract

FIDIC`s Conditions of Contract

INTRODUCTION

The FIDIC contracts course explain into details the content of the contracts’ clauses and how to practically use the FIDIC contracts in international projects

COURSE OUTLINE

THE FIDIC CONTRACT

• Legal Systems
• Applicable Law and Permissions
• Conflict with Laws
• Contract Documents
• Base Date
• Letters of Acceptance
• Definitions
• Communications
• Supply of Drawings
• Contract Preparation

PRODUCT OBLIGATIONS

• Scope of Work
• Site
• Design Obligations
• Engineer’s Obligations
• Variations
• Standards and Quality
• Safety, Personnel and Execution
• Sub-Contracting
• Testing
• Certificates
• Defects
• Design Review

PRICE

• Contract Price
• Pricing in FIDIC Contracts
• Factors affecting the Contract Price
• Payment
• Lump Sum Breakdowns
• Cash Flow
• Payment Certificates and Final Certificate
• Financial Changes
• Employer’s Financial Arrangements
• Delayed Payment
• Taxes

 TIME

• Commencement
• Programme
• Progress
• Suspension
• Obligation to Complete
• Acceleration
• Extension of Time
• Taking-over Certificate

CONTRACT ADMINISTRATION AND CLAIMS

• Contract Administrator
• Communication and Reporting
• Measurement and Variations
• Claims and Claims Management
• Contractor’s Claims
• Employers Claims

RISK, INSURANCE AND SECURITIES

• Risk Allocation
• Limitation of Liability
• Insurance
• Securities, Bonds, Guarantees and Letters of Credit
• Title

REMEDIES

• Employer’s Remedies
• Termination by Employer
• Contractor’s Remedies
• Discharge, Frustration and Force Majeure
• Suspension

DISPUTE RESOLUTION

• DABs
• Arbitration
• Amicable Settlement