Within the EPC/Turnkey Based projects FIDIC Silver Book will be your guide.
As my last two projects were EPC based and the last one is PPP (Public-Private Partnership) Infrastructure-Highway project within a multinational joint venture private partnership side on the other hand and if you have in the same kind of project (These days most of the Gulf projects based on PPP) you will see that your project is differentiated between sides of the projects like as below.
That kind of structures could be really tough as a result of different needs of the parties in the different phases of the project and for this kind of situations New FIDIC DBO (aka FIDIC Gold Book) could be your solution.
FIDIC DBO Similarities with other FIDIC Contracts
FIDIC DBO adopts the same format of existing FIDIC contracts (RED,Yellow, Silver, White Books) and further retains the style and most of the common definitions, paragraphs and structures that make FIDIC unique.
It’s function is found in clause 9 entitled ‘Design – Build’ which specially provides for necessary elements to administrate the design and build component.
New definitions specific to DBO projects have been included in the new form.
As an example; the definition of the ‘License Agreement’ to regulate the operation component of the agreement and corresponding authority of the Contractor. Another noteworthy definition is that of ‘Cost plus Profit’, although FIDIC provides for such a definition, we suspect that in its practical application, we would define parties amending such definitions to account for project specific definitions and exhaustive itemisation of the costs component to avoid doubt or miscommunication deficiencies. Read More
As it is mentioned in the title of the Blog I am a civil engineer and working for International Construction Project Management Firm. As a result of this FIDIC is one of my topics that needed to be worked/ studied on.
I created a FIDIC starter guide who wants to learn general information about FIDIC on the Q-A (Questions and Answers) basis.
What is FIDIC?
FIDIC is the acronym for International Federation of Consulting Engineers and as it is exactly written in French; “Fédération Internationale Des Ingénieurs-Conseils”
or about sservices and historical backgound of FIDIC, refer Wikipedia page.
Who are the FIDIC Members?
Its members are national associations of consulting engineers. Why FIDIC?
All contracts contain risks for Contracting Authorities/ Employers and Contractors – There is no risk-free contract and FIDIC attempts to rationalize and allocate responsibilities for main risks.
A key requirement is for the Contract Parties to fully understand the FIDIC General and Particular Conditions of Contract that set out their Responsibilities and Risks within a Project
Every risk given to the other party has its cost, no Party assumes a risk for free. Read More