FIDICconditions.ppt

Introduction to FIDIC Conditions of contract Dr. Miros?aw J. Skibniewski, A.J. Clark Chair Professor New tendency in contracts worldwide OUTLINE What is FIDIC? Characteristics of FIDIC Conditions of Contract Application Prospect of FIDIC Conditions of Contract New development of FIDIC Conditions of contract What is FIDIC? Management is a kind of science which needs continuous summarizing, to experience development and innovations through practice. During the past half century, the International Federation of Consulting Engineers (FIDIC) has devoted itself to the compilation of management documents for all kinds of projects, among which the FIDIC Conditions of Contract are of the highest influence and are the most popular application. The first edition of FIDIC Conditions of Contract for Works of Civil Engineering Construction (use “Red Book” in the following) was compiled in 1957, and later its second, third, and fourth edition were issued in 1963, 1977, and 1987 respectively. But these editions were mostly compiled in the reference of the related documents of the Institution of Civil Engineers (ICE). The FIDIC and European International Contractors (EIC) entrusted the University of Reading in 1966 to summarize the experience and to draw lessons from the application of the former documents. With the investigation of the governments, employers, contractors and consulting engineers all over the world about their application of the “Red Book”, 204 findings reports were returned. According to the findings, the FIDIC Contract Committee organized a group of experts to compile the new Contract Condition models to be applied in the 21stcentury. The test edition of these models was published in 1998, and FIDIC solicited opinions throughout the world for additional time to publish the official texts in 1999. 2. Characteristics of FIDIC Conditions of Contract Unification of Terms and Clause The new edition was drafted as the “New Red Book”, the “New Yellow Book” and the