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 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:

  1. Contract Terms

Terms Included in the Contracts Category within FIDICTerms

  1. Accepted Contract Amount
  2. Accepted Subcontract Amount
  3. Advance Payment Certificate
  4. Advance Payment Guarantee
  5. Agreed Compensation
  6. Agreement
  7. Annex
  8. Appendix to Tender
  9. Appendix to the Subcontractor’s Offer
  10. Asset Replacement Fund
  11. Asset Replacement Schedule
  12. Auditing Body
  13. Background Intellectual Property
  14. Bank
  15. Base Date
  16. Bill of Quantities
  17. Borrower
  18. Claim
  19. Client
  20. Client’s Representative
  21. Commencement Date
  22. Commercial Risk
  23. Commissioning Certificate
  24. Commissioning Period
  25. Compliance Verification System
  26. Conditions
  27. Conditions of Contract
  28. Confidential Information
  29. Construction Documents
  30. Consultant
  31. Consultant’s Programme
  32. Consultant’s Representative
  33. Contract
  34. Contract Agreement
  35. Contract Completion Certificate
  36. Contract Completion Date
  37. Contract Data
  38. Contract Period
  39. Contract Price
  40. Contractor
  41. Contractor’s Documents
  42. Contractor’s Drawings
  43. Contractor’s Equipment
  44. Contractor’s Instruction
  45. Contractor’s Letter of Acceptance
  46. Contractor’s Personnel
  47. Contractor’s Proposal
  48. Contractor’s Representative
  49. Contractor’s Risks
  50. Contractor’s Subcontract Representative
  51. Cost
  52. Cost Plus Profit
  53. Country
  54. Cut-Off Date
  55. CV System
  56. DAAB Agreement
  57. DAB
  58. Date of Completion
  59. Day
  60. Daywork Schedule
  61. Defects Liability Certificate
  62. Defects Liability Period
  63. Defects Notification Period
  64. Defined Risks
  65. Delay Damages
  66. Design-Build
  67. Design-Build Period
  68. Dispute
  69. Dispute Avoidance/Adjudication Board
  70. Document
  71. Drawings
  72. Dredging Works
  73. Effective Date
  74. Employer
  75. Employer-Supplied Materials
  76. Employer’s Drawings
  77. Employer’s Equipment
  78. Employer’s Liabilities
  79. Employer’s Personnel
  80. Employer’s Representative
  81. Employer’s Requirements
  82. Employer’s Risks
  83. Engineer
  84. Engineer’s Representative
  85. Exceptional Costs
  86. Exceptional Event
  87. Extension of Time
  88. Final Certificate of Payment
  89. Final Payment Certificate
  90. Final Payment Certificate Design-Build
  91. Final Payment Certificate Operation Service
  92. Final Statement
  93. Final Statement Design-Build
  94. Final Statement Operation Service
  95. Financial Memorandum
  96. Force Majeure
  97. Foreground Intellectual Property
  98. Foreign Currency
  99. Form of Agreement
  100. Form of Sub-Consultancy Agreement
  101. General Conditions
  102. Golden Principles
  103. Goods
  104. Gross Misconduct
  105. Intellectual Property
  106. Interim Payment Certificate
  107. Invitation
  108. Joint Venture
  109. Joint Venture Agreement
  110. Joint Venture Shares
  111. JV Undertaking
  112. Key Personnel
  113. Laws
  114. Leading Member
  115. Letter of Acceptance
  116. Letter of Subcontractor’s Offer
  117. Letter of Tender
  118. Local Currency
  119. Local Representative
  120. Main Agreement
  121. Main Contract
  122. Main Contract DAB
  123. Main Contract Tests on Completion
  124. Main Works
  125. Maintenance Retention Fund
  126. Maintenance Retention Guarantee
  127. Materials
  128. Member Representative
  129. Members
  130. Month
  131. No-objection
  132. Notice
  133. Notice of Dissatisfaction
  134. Operating Licence
  135. Operation and Maintenance Plan
  136. Operation Management Requirements
  137. Operation Service
  138. Operation Service Period
  139. Part
  140. Particular Conditions
  141. Parties
  142. Party
  143. Payment Certificate
  144. Performance Certificate
  145. Performance Damages
  146. Performance Guarantees
  147. Performance Security
  148. Permanent Works
  149. Plant
  150. Programme
  151. Project
  152. Project Director
  153. Project Manager
  154. Proposal
  155. Provisional Sum
  156. QM System
  157. Rates and Prices
  158. Retention Money
  159. Retention Period
  160. Review
  161. Risk of Damage
  162. Risk Transfer Date
  163. Schedule of Guarantees
  164. Schedule of Payment Currencies
  165. Schedule of Payments
  166. Schedule of Performance Guarantees
  167. Schedule of Prices
  168. Schedule of Rates and Prices
  169. Schedules
  170. Section
  171. Section Commissioning Certificate
  172. Services
  173. Services Agreement
  174. Services Manager
  175. Site
  176. Special Provisions
  177. Specification
  178. Statement
  179. Steering Committee
  180. Sub-Consultancy Agreement
  181. Sub-Consultancy Services
  182. Sub-Consultant
  183. Sub-Consultant’s Programme
  184. Subcontract
  185. Subcontract Agreement
  186. Subcontract Bill of Quantities
  187. Subcontract Commencement Date
  188. Subcontract DAB
  189. Subcontract Defects Notification Period
  190. Subcontract Drawings
  191. Subcontract Goods
  192. Subcontract Performance Security
  193. Subcontract Plant
  194. Subcontract Price
  195. Subcontract Programme
  196. Subcontract Section
  197. Subcontract Specification
  198. Subcontract Tests on Completion
  199. Subcontract Time for Completion
  200. Subcontract Variation
  201. Subcontract Works
  202. Subcontractor
  203. Subcontractor’s Documents
  204. Subcontractor’s Equipment
  205. Subcontractor’s Offer
  206. Subcontractor’s Personnel
  207. Subcontractor’s Representative
  208. Taking-Over Certificate
  209. Temporary Works
  210. Tender
  211. Tests after Completion
  212. Tests on Completion
  213. Tests on Completion of Design-Build
  214. Tests Prior to Contract Completion
  215. Third party
  216. Time for Completion
  217. Time for Completion of Design-Build
  218. Unforeseeable
  219. Variation
  220. Variation Notice
  221. Variation Order
  222. Works
  223. Works Contract
  224. Written
  225. Year
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