Level:
Intermediate
TCM Section(s):
7.2. Schedule Planning and Development
6.4. Forensic Performance Assessment
Venue: 2022 AACE International Conference & Expo
Abstract: FIDIC (The International Federation of Consulting Engineers) issued standard form contracts for international projects, which have been extensively used worldwide.Some of the common FIDIC contracts have been issued or updated recently, including the construction only, design/build, and EPC/turnkey contracts in 2017, and the contract for underground work in 2019.Since it is challenging to resolve delay issues in construction projects, it is beneficial for project participants to understand the entitlement and risks associated with those issues, especially in the context of international construction under FIDIC contracts.This paper discusses the rights, obligations, and risks of contractors in various FIDIC contracts with different risk exposures through a comparative analysis on a qualitative basis.This paper would contribute to the body of knowledge by helping construction professionals better understand the basic principles related to delay issues towards a reasonable resolution under FIDIC contracts.
TCM Section(s):
7.2. Schedule Planning and Development
6.4. Forensic Performance Assessment
Venue: 2022 AACE International Conference & Expo
Abstract: FIDIC (The International Federation of Consulting Engineers) issued standard form contracts for international projects, which have been extensively used worldwide.Some of the common FIDIC contracts have been issued or updated recently, including the construction only, design/build, and EPC/turnkey contracts in 2017, and the contract for underground work in 2019.Since it is challenging to resolve delay issues in construction projects, it is beneficial for project participants to understand the entitlement and risks associated with those issues, especially in the context of international construction under FIDIC contracts.This paper discusses the rights, obligations, and risks of contractors in various FIDIC contracts with different risk exposures through a comparative analysis on a qualitative basis.This paper would contribute to the body of knowledge by helping construction professionals better understand the basic principles related to delay issues towards a reasonable resolution under FIDIC contracts.