Fidic Green.pdf

Fidic Green.pdf - A Short and Simple Contract Form for Low-Risk Projects

If you are looking for a contract form that is easy to use, does not require much contract administration and management, and is suitable for projects with low perceived risks, then you might want to check out the Fidic Green.pdf. This is the digital version of the FIDIC Short Form of Contract, also known as the FIDIC Green Book, which was updated in 2021 by the International Federation of Consulting Engineers (FIDIC).

The FIDIC Green Book is a standard form of contract that can be used for a variety of projects, such as civil engineering, building, electrical, mechanical, and other types of works. It can be used for projects where the employer or the contractor is responsible for the design of the works, or where the design is partly or wholly provided by a third party. It can also be used for projects where the works are executed by direct labour or by subcontractors.

Fidic Green.pdf

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The FIDIC Green Book is designed to be simple and concise, with only 20 clauses and 40 communication forms. It covers the essential rights and obligations of the parties, such as payment, performance, variations, claims, insurance, termination, dispute resolution, and more. It also includes some new features that were not present in the previous edition of the Green Book, such as:

A prolongation cost (PGC) mechanism that allows the contractor to claim additional costs due to delays caused by the employer or other events beyond the contractor's control.

A tabulated summary of the contractor's entitlement for employer's risks, such as war, terrorism, natural disasters, and other unforeseeable events.

An insurance certificate that can be signed by an insurer or broker to confirm that the required insurance coverages have been obtained.

User-friendly flow charts that illustrate the processes for variations, claims, disputes, and termination.

An early appointment of an adjudicator who can provide dispute avoidance services as well as dispute resolution services.

The FIDIC Green Book aims to provide a balanced risk sharing between the parties and to promote good practice in project delivery. It is based on FIDIC's key principles of clarity, transparency, certainty, and fairness. It also follows FIDIC's golden principles that ensure that the contract preserves the core features and integrity of FIDIC's standard forms.

If you are interested in learning more about the FIDIC Green Book or purchasing a digital copy of it, you can visit FIDIC's official website . You can also find some useful articles and commentaries on the new features and updates of the FIDIC Green Book from various sources . The FIDIC Green Book is a valuable tool for project owners, contractors, engineers, consultants, lawyers, and anyone involved in low-risk projects that require a short and simple contract form.

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