Review of The FIDIC Forms of Contract – Third Edition
This book is indispensable as a reference for contractors and contract administrators and gives a great overview of the 1992 Fourth Edition Red Book Form of Contract together with assimilating this form with the more recent FIDIC Forms of Contract. The Contract Form is for international use and is used widely on large civil engineering projects and projects in which foreign bidding is permitted in Malaysia.
Important features of the book include:
A background and concepts of the various forms of contract.
A detailed comparison of the wording of the 1999 three main forms, which although similar in nature; it nevertheless significantly differs in certain areas where the three forms diverge due to their intended purpose.
Detailed analysis of the rights and obligations of the parties involved in the contract and the allocation of the risks concerned.
A range of ‘decision tree’ charts, analysing the main features of the 1992 Red Book, including risks, indemnities and insurances, claims and counterclaims, variations, procedure for claims, programme and delay, suspension, payments and certificates, dispute resolution mechanisms, and dispute boards;
A much enlarged discussion of the meaning of “claim” and “dispute” and the types of claim with a discussion of the notice provision in the 1999 forms of contract for the submittal of claims by a contractor and by an employer;
The FIDIC scheme of indemnities and insurance requirements; and the methods of dispute resolution provided by the various forms of contract; and
Has five new chapters in this third edition, the first four chapters deal with each of the 1999 forms and the fifth chapter is confined to the topic of Dispute Boards.