Category: Contracts and Agreements

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Introduction to FIDIC Contracts and Agreements

FIDIC Contracts have been developed over 50 years as the international standard for the Consulting Industry. They are recognised and used globally in many jurisdictions, on all types of projects.

The key ingredient for their success as industry standard lies in their balanced approach to the roles and responsibilities of the main parties, as well as the allocation and management of risk. For this reason, the fundamental principle behind the FIDIC contracts is the use of General Conditions of Contract, deemed to be suitable in all cases, based on thousands of successful projects around the world. However, given that no two projects are the same, FIDIC does acknowledge that special conditions will be required for project specific issues, on a case by case basis. All FIDIC contracts therefore contain guidance on the preparation of Particular Conditions, and provide examples of the areas where special provisions may be required for a specific project. To diverge significantly from these guidelines is to increase the risk of shifting the balanced nature of the contract, and putting into jeopardy the successful implementation of the project.

Publications and their editions represented with definitions in FIDICTerms, Contracts & Agreements category

The editions of the FIDIC Contract and Agreement publications referenced to populate the glossary of terms in FIDICTerms currently include:

  • Conditions of Contract for Works of Civil Engineering Construction, 4th edition (1987 Old Red Book)
  • Conditions of Contract for Construction Contract, 1st edition (1999 Red Book)
  • Conditions of Contract for Subcontract for Construction, 1st edition (2011)
  • Conditions of Contract for Electrical and Mechanical Works, 3rd edition (1987 Old Yellow Book)
  • Conditions of Contract for Plant and Design-Build Contract, 1st edition (1999 Yellow Book)
  • Conditions of Contract for Design-Build and Turnkey, 1st edition (1995 Orange Book)
  • Conditions of Contract for Engineering, Procurement & Construction (EPC) / Turnkey Contract, 1st edition, (1999 Silver Book)
  • Short Form of Contract, 1st edition (1999 Green Book)
  • Conditions of Contract for Design Build & Operate (DBO) Projects, 1st edition (2008 Gold Book)
  • Client/Consultant Model Services Agreement, 3rd edition (1999 White Book)
  • Client/Consultant Model Services Agreement, 4th edition (2006 White Book)
  • Joint Venture (Consortium) Agreement, 1st edition (1992)
  • Sub-Consultant Agreement, 1st edition (1992)
  • Conditions of Contract for Construction - Multilateral Development Bank (MDB) Harmonised Edition, 1st edition (2010 Pink Book)
  • Form of Contract for Dredging and Reclamation Works, 1st edition (2006 Blue book)
  • Form of Contract for Dredging and Reclamation Works, 2nd edition (2016 Blue book)

Sub-Categories

Sub-Categories within the Contracts Category on FIDICTerms are as follows:

  1. Contract Terms

Terms Included in the Contracts Category within FIDICTerms

  1. Accepted Contract Amount
  2. Accepted Subcontract Amount
  3. Agreed Compensation
  4. Agreement
  5. Annex
  6. Appendix to Tender
  7. Appendix to the Subcontractor’s Offer
  8. Asset Replacement Fund
  9. Asset Replacement Schedule
  10. Auditing Body
  11. Bank
  12. Base Date
  13. Bill of Quantities
  14. Borrower
  15. Client
  16. Commencement Date
  17. Commercial Risk
  18. Commissioning Certificate
  19. Commissioning Period
  20. Conditions
  21. Construction Documents
  22. Consultant
  23. Contract
  24. Contract Agreement
  25. Contract Completion Certificate
  26. Contract Completion Date
  27. Contract Data
  28. Contract Period
  29. Contract Price
  30. Contractor
  31. Contractor's Documents
  32. Contractor's Equipment
  33. Contractor's Personnel
  34. Contractor's Proposal
  35. Contractor’s Documents
  36. Contractor’s Drawings
  37. Contractor’s Equipment
  38. Contractor’s Instruction
  39. Contractor’s Letter of Acceptance
  40. Contractor’s Personnel
  41. Contractor’s Proposal
  42. Contractor’s Representative
  43. Contractor’s Risks
  44. Contractor’s Subcontract Representative
  45. Cost
  46. Cost Plus Profit
  47. Country
  48. Cut-Off Date
  49. CV System
  50. DAB
  51. Day
  52. Daywork Schedule
  53. Defects Liability Certificate
  54. Defects Liability Period
  55. Defects Notification Period
  56. Defined Risks
  57. Design-Build
  58. Design-Build Period
  59. Dispute
  60. Dispute Adjudication Board
  61. Document
  62. Drawings
  63. Dredging Works
  64. Employer
  65. Employer's Equipment
  66. Employer's Liabilities
  67. Employer's Personnel
  68. Employer's Representative
  69. Employer's Requirements
  70. Employer’s Drawings
  71. Employer’s Equipment
  72. Employer’s Personnel
  73. Employer’s Representative
  74. Employer’s Requirements
  75. Employer’s Risks
  76. Engineer
  77. Engineer’s Representative
  78. Exceptional Event
  79. Final Certificate of Payment
  80. Final Payment Certificate
  81. Final Payment Certificate Design-Build
  82. Final Payment Certificate Operation Service
  83. Final Statement
  84. Final Statement Design-Build
  85. Final Statement Operation Service
  86. Financial Memorandum
  87. Force Majeure
  88. Foreign Currency
  89. Goods
  90. Gross Misconduct
  91. Interim Payment Certificate
  92. Invitation
  93. Joint Venture
  94. Laws
  95. Leading Member
  96. Letter of Acceptance
  97. Letter of Subcontractor’s Offer
  98. Letter of Tender
  99. Local Currency
  100. Main Agreement
  101. Main Contract
  102. Main Contract DAB
  103. Main Contract Tests on Completion
  104. Main Works
  105. Maintenance Retention Fund
  106. Maintenance Retention Guarantee
  107. Materials
  108. Members
  109. Month
  110. Notice
  111. Notice of Dissatisfaction
  112. Operating Licence
  113. Operation and Maintenance Plan
  114. Operation Management Requirements
  115. Operation Service
  116. Operation Service Period
  117. Parties
  118. Party
  119. Payment Certificate
  120. Performance Certificate
  121. Performance Guarantees
  122. Performance Security
  123. Permanent Works
  124. Plant
  125. Programme
  126. Project
  127. Proposal
  128. Provisional Sum
  129. Rates and Prices
  130. Retention Money
  131. Retention Period
  132. Risk of Damage
  133. Risk Transfer Date
  134. Schedule of Guarantees
  135. Schedule of Payment Currencies
  136. Schedule of Payments
  137. Schedule of Prices
  138. Schedules
  139. Section
  140. Section Commissioning Certificate
  141. Services
  142. Services Agreement
  143. Services Manager
  144. Site
  145. Specification
  146. Statement
  147. Sub-Consultancy Services
  148. Subcontract
  149. Subcontract Agreement
  150. Subcontract Bill of Quantities
  151. Subcontract Commencement Date
  152. Subcontract DAB
  153. Subcontract Defects Notification Period
  154. Subcontract Drawings
  155. Subcontract Goods
  156. Subcontract Performance Security
  157. Subcontract Plant
  158. Subcontract Price
  159. Subcontract Programme
  160. Subcontract Section
  161. Subcontract Specification
  162. Subcontract Tests on Completion
  163. Subcontract Time for Completion
  164. Subcontract Variation
  165. Subcontract Works
  166. Subcontractor
  167. Subcontractor’s Documents
  168. Subcontractor’s Equipment
  169. Subcontractor’s Offer
  170. Subcontractor’s Personnel
  171. Subcontractor’s Representative
  172. Taking-Over Certificate
  173. Temporary Works
  174. Tender
  175. Tests after Completion
  176. Tests on Completion
  177. Tests on Completion of Design-Build
  178. Tests Prior to Contract Completion
  179. Third party
  180. Time for Completion
  181. Time for Completion of Design-Build
  182. Unforeseeable
  183. Variation
  184. Variation Order
  185. Works
  186. Written
  187. Year