Category: Contracts and Agreements
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 Contracts for Construction, 2nd edition (2017 Red Book)
- Conditions of Contract for Subcontract for Construction, 1st edition (2011)
- Conditions of Contract for Construction - Multilateral Development Bank (MDB) Harmonised Edition, 1st edition (2010 Pink Book)
- Conditions of Contract for Construction, 1st edition (1999 Red Book)
- Conditions of Contract for Works of Civil Engineering Construction, 4th edition (1987 Old Red Book)
- Conditions of Contracts for Plant and Design-Build, 2nd edition (2017 Yellow Book)
- Conditions of Contract for Design Build & Operate (DBO) Projects, 1st edition (2008 Gold Book)
- Conditions of Contract for Plant and Design-Build Contract, 1st edition (1999 Yellow Book)
- Short Form of Contract, 1st edition (1999 Green Book)
- Conditions of Contract for Design-Build and Turnkey, 1st edition (1995 Orange Book)
- Conditions of Contract for Electrical and Mechanical Works, 3rd edition (1987 Old Yellow Book)
- Conditions of Contracts for Engineering, Procurement & Construction (EPC) / Turnkey, 2nd edition (2017 Silver Book)
- Conditions of Contract for Engineering, Procurement & Construction (EPC) / Turnkey, 1st edition, (1999 Silver Book)
- Clients/Consultants Model Services Agreement, 5th edition (2017 White Book)
- Sub-Consultancy Agreement, 2nd edition (2017)
- Joint Venture (Consortium) Agreement, 2nd edition (2017)
- Client/Consultant Model Services Agreement, 4th edition (2006 White Book)
- Client/Consultant Model Services Agreement, 3rd edition (1999 White Book)
- Sub-Consultant Agreement, 1st edition (1992)
- Joint Venture (Consortium) Agreement, 1st edition (1992)
- Form of Contract for Dredging and Reclamation Works, 2nd edition (2016 Blue book)
- Form of Contract for Dredging and Reclamation Works, 1st edition (2006 Blue book)
Sub-Categories
Sub-Categories within the Contracts Category on FIDICTerms are as follows:
Terms Included in the Contracts Category within FIDICTerms
- Accepted Contract Amount
- Accepted Subcontract Amount
- Advance Payment Certificate
- Advance Payment Guarantee
- Agreed Compensation
- Agreement
- Annex
- Appendix to Tender
- Appendix to the Subcontractor’s Offer
- Asset Replacement Fund
- Asset Replacement Schedule
- Auditing Body
- Background Intellectual Property
- Bank
- Base Date
- Bill of Quantities
- Borrower
- Claim
- Client
- Client’s Representative
- Commencement Date
- Commercial Risk
- Commissioning Certificate
- Commissioning Period
- Compliance Verification System
- Conditions
- Conditions of Contract
- Confidential Information
- Construction Documents
- Consultant
- Consultant’s Programme
- Consultant’s Representative
- Contract
- Contract Agreement
- Contract Completion Certificate
- Contract Completion Date
- Contract Data
- Contract Period
- Contract Price
- Contractor
- Contractor’s Documents
- Contractor’s Drawings
- Contractor’s Equipment
- Contractor’s Instruction
- Contractor’s Letter of Acceptance
- Contractor’s Personnel
- Contractor’s Proposal
- Contractor’s Representative
- Contractor’s Risks
- Contractor’s Subcontract Representative
- Cost
- Cost Plus Profit
- Country
- Cut-Off Date
- CV System
- DAAB Agreement
- DAB
- Date of Completion
- Day
- Daywork Schedule
- Defects Liability Certificate
- Defects Liability Period
- Defects Notification Period
- Defined Risks
- Delay Damages
- Design-Build
- Design-Build Period
- Dispute
- Dispute Avoidance/Adjudication Board
- Document
- Drawings
- Dredging Works
- Effective Date
- Employer
- Employer-Supplied Materials
- Employer’s Drawings
- Employer’s Equipment
- Employer’s Liabilities
- Employer’s Personnel
- Employer’s Representative
- Employer’s Requirements
- Employer’s Risks
- Engineer
- Engineer’s Representative
- Exceptional Costs
- Exceptional Event
- Extension of Time
- Final Certificate of Payment
- Final Payment Certificate
- Final Payment Certificate Design-Build
- Final Payment Certificate Operation Service
- Final Statement
- Final Statement Design-Build
- Final Statement Operation Service
- Financial Memorandum
- Force Majeure
- Foreground Intellectual Property
- Foreign Currency
- Form of Agreement
- Form of Sub-Consultancy Agreement
- General Conditions
- Golden Principles
- Goods
- Gross Misconduct
- Intellectual Property
- Interim Payment Certificate
- Invitation
- Joint Venture
- Joint Venture Agreement
- Joint Venture Shares
- JV Undertaking
- Key Personnel
- Laws
- Leading Member
- Letter of Acceptance
- Letter of Subcontractor’s Offer
- Letter of Tender
- Local Currency
- Local Representative
- Main Agreement
- Main Contract
- Main Contract DAB
- Main Contract Tests on Completion
- Main Works
- Maintenance Retention Fund
- Maintenance Retention Guarantee
- Materials
- Member Representative
- Members
- Month
- No-objection
- Notice
- Notice of Dissatisfaction
- Operating Licence
- Operation and Maintenance Plan
- Operation Management Requirements
- Operation Service
- Operation Service Period
- Part
- Particular Conditions
- Parties
- Party
- Payment Certificate
- Performance Certificate
- Performance Damages
- Performance Guarantees
- Performance Security
- Permanent Works
- Plant
- Programme
- Project
- Project Director
- Project Manager
- Proposal
- Provisional Sum
- QM System
- Rates and Prices
- Retention Money
- Retention Period
- Review
- Risk of Damage
- Risk Transfer Date
- Schedule of Guarantees
- Schedule of Payment Currencies
- Schedule of Payments
- Schedule of Performance Guarantees
- Schedule of Prices
- Schedule of Rates and Prices
- Schedules
- Section
- Section Commissioning Certificate
- Services
- Services Agreement
- Services Manager
- Site
- Special Provisions
- Specification
- Statement
- Steering Committee
- Sub-Consultancy Agreement
- Sub-Consultancy Services
- Sub-Consultant
- Sub-Consultant’s Programme
- Subcontract
- Subcontract Agreement
- Subcontract Bill of Quantities
- Subcontract Commencement Date
- Subcontract DAB
- Subcontract Defects Notification Period
- Subcontract Drawings
- Subcontract Goods
- Subcontract Performance Security
- Subcontract Plant
- Subcontract Price
- Subcontract Programme
- Subcontract Section
- Subcontract Specification
- Subcontract Tests on Completion
- Subcontract Time for Completion
- Subcontract Variation
- Subcontract Works
- Subcontractor
- Subcontractor’s Documents
- Subcontractor’s Equipment
- Subcontractor’s Offer
- Subcontractor’s Personnel
- Subcontractor’s Representative
- Taking-Over Certificate
- Temporary Works
- Tender
- Tests after Completion
- Tests on Completion
- Tests on Completion of Design-Build
- Tests Prior to Contract Completion
- Third party
- Time for Completion
- Time for Completion of Design-Build
- Unforeseeable
- Variation
- Variation Notice
- Variation Order
- Works
- Works Contract
- Written
- Year