The FIDIC Forms of Contract

The FIDIC Forms of ContractCondition: BRAND NEW ISBN: 9781405120319 Year: 2005 Publisher: John Wiley & Sons (UK) Pages: 872 Description: In September 1999, FIDIC introduced its new Suite of Contracts, which included a ? new? Red, Yellow, Silver and Green forms of contract. The ? new? Red Book was intended to replace the 1992 fourth edition of the Red Book, with the ambition that its use would cease with time. This ambition has not materialised and is unlikely to do so in the

Condition: BRAND NEW
ISBN: 9781405120319
Year: 2005
Publisher: John Wiley & Sons (UK)
Pages: 872


Description:
In September 1999, FIDIC introduced its new Suite of Contracts,
which included a ?new? Red, Yellow, Silver and Green
forms of contract. The ?new? Red Book was intended to
replace the 1992 fourth edition of the Red Book, with the ambition
that its use would cease with time. This ambition has not
materialised and is unlikely to do so in the future.


Despite the importance of the 1999 Forms, there has been very
little published on the new concepts adopted in them and how they
interact with the previous forms. This important work considers
these aspects together with the many developments affecting the
fourth edition of the Red Book that have taken place since 1997,
when the second edition of this book was published, and relates
them to key contracting issues. It is written by a chartered
engineer, conciliator and international arbitrator with wide
experience in the use of the FIDIC Forms and in the various dispute
resolution mechanisms specified in them.






Important features of this book include:



· background and concepts of the various forms of
contract;



· a detailed comparison of the wording of the1999 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;



· analysis of the rights and obligations of the parties
involved in the contract and the allocation of 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, variatio