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