As a professional, I’ve been asked to write an article about the different types of FIDIC contracts. FIDIC (Fédération Internationale des Ingénieurs-Conseils) is a globally recognized organization that produces standard contract forms for the construction industry. Their contracts provide a framework for defining the legal relationships between parties involved in a construction project.
FIDIC has developed various types of contracts to cater to the different needs of the construction industry. Here are the different types of FIDIC contracts:
1. FIDIC Red Book: The FIDIC Red Book is a construction contract designed for building and engineering works. It’s also known as the Conditions of Contract for Construction. It’s commonly used for projects where the contractor is responsible for designing and building the project. The Red Book is best suited for projects where the employer wants to have a significant amount of control over the design and construction process.
2. FIDIC Yellow Book: The Yellow Book is a contract designed for electrical and mechanical works. It’s also known as the Conditions of Contract for Plant and Design-Build. The Yellow Book is suitable for projects where the contractor is responsible for designing and building the plant. The employer has less control over the design and construction process.
3. FIDIC Silver Book: The Silver Book is a contract designed for projects where the contractor is responsible for designing and building a turnkey project. It’s also known as the Conditions of Contract for EPC/Turnkey Projects. The Silver Book is suitable for projects where the employer wants the contractor to be responsible for the design, construction, and commissioning of the project.
4. FIDIC Green Book: The Green Book is a contract designed for short-term contracts, consultancy services, and minor works. It’s also known as the Short Form of Contract. The Green Book is designed for projects where the scope of work is small, and the total cost is low.
5. FIDIC Blue Book: The Blue Book is a contract designed for projects where the employer wants to engage the contractor on a management contract basis. It’s also known as the Conditions of Contract for Management Contracting. The Blue Book is suitable for projects where the employer wants the contractor to manage the design and construction process.
In conclusion, FIDIC has developed various types of contracts to cater to different needs of the construction industry. The choice of contract depends on the scope and nature of the project. It’s advisable to seek legal advice and consult with industry experts before choosing a FIDIC contract.