This note highlights some of the key issues in the second edition of the FIDIC Silver Book, published in December 2017. Free Practical Law trial To access this resource, sign up for a free trial of Practical Law. In general, 9–13. Use of, practical, 15–16. Conditions of Contract for Construction (CONS or the Red Book), 10–12. Conditions of Contract for Construction – MDB Harmonised Edition (Pink Book), 10. Conditions of Contract for EPC/Turnkey Projects (EPC/T or the Silver Book), 10–12.

Under the FIDIC Conditions of Contract for the EPC Turnkey Contracts (the ‘Silver. Book) First Edition published in September ” 1. (emphasis added). Documents Similar To FIDIC (Silver Book) – EPC Contract – FIDIC CoC for Design, Build and Operate Gold. Camelia Georgescu. EBook Download BOOK EXCERPT: Provides a clear and comprehensive guide to the 2017 FIDIC contracts—written by a member of the FIDIC Updates Task Group FIDIC contracts are the most widely used engineering standard form contracts internationally but until 2017 the three main forms (the Red, Yellow and Silver Books) had not been amended or updated for nearly two. Construction Issues: EPC Contracting and FIDIC Silver Book Francis Ho An Update on Real Estate Laws in Senior Associate, King & Spalding LLP the UAE and Saudi Arabia Email: fho@kslaw.com Radisson Blu Media City Hotel, Tel: +971 2 652 3426 Dubai, UAE Mob: +971 50 557 0446 31 January – 1 February 2010 428006 v1 EPC Contracts § Engineering, procurement.

Fidic Silver Book 1999 Free Download

Introduction to FIDIC Silver Book

Introduction FIDIC – the International Federation of Consulting Engineers – published in September 1999 a suite of four new Standard Forms of Contract. This new suite comprises:

Conditions of Contract for Construction for Building and Engineering Works Designed by the Employer : The Construction Contract
Conditions of Contract for Plant and Design-Build for Electrical and Mechanical Plant, and for Building and Engineering Works, Designed by the Contractor : The Plant and Design/Build Contract
Conditions of Contract for EPC/Turnkey Projects : The EPC/Turnkey Contract
Short form of Contract : The Short Form.

The Books in the new suite are all marked ‘First Edition 1999’, and the reason is that they can not be regarded as direct updates of FIDIC’s very well-known and widely used ‘Red Book’, ‘Yellow Book’ and ‘Orange Book’, i.e. respectively:

Conditions of Contract for Works of Civil Engineering Construction (1987)
Conditions of Contract for Electrical and Mechanical Works including Erection on Site (1987)
Conditions of Contract for Design-Build and Turnkey (1995).

Publication of the 1999 Books has aroused considerable comment. The Construction Contract, The Plant and Design/Build Contract and the Short Form appear to be generally well received by all parties. (These are popularly referred to as the ‘New Red Book’, the ‘New Yellow Book’ and the ‘Green Book’ respectively because of the colour of their covers.) The EPC/Turnkey Contract, (the ‘Silver Book’), has, however, not unexpectedly, received a mixed reception. There has been considerable positive comment, and several positive articles, but, while some interested players seem so far to have remained cautiously silent, there are a number of contractors and lawyers who have been vociferous in their protests.

Fidic Silver Book Pdf

Conception of the Silver Book FIDIC established in 1994 its Red Yellow Update Task Group (the Task Group) with mandate to update the existing Red and Yellow Books. The Orange Book was about to be published (1995) so the Task Group did not envisage digressing into the sphere of design-build/turnkey projects (except to harmonise as far as possible with the Orange Book). However, during early considerations in the Task Group of the use of the different international and national standard contract forms and of the various methods of procurement around the world, it was realised that, even if the Red and Yellow Books were being used widely, there were a great many construction contracts in many countries which were not procured nor managed along the principles set out in the Red and Yellow Books. At that time it was by no means the BOT type, privately financed projects that were uppermost in the Task Group’s considerations. While these were increasing, it was more the conventional type that the Task Group felt were falling outside the Red/Yellow Book scope.

Such projects included all those where employers in many countries took the Red or Yellow Books (to save themselves the trouble of doing their own drafting) and struck out the word ‘Employer’ in some or all of the clauses where FIDIC had placed some obligation on the employer, and replaced it by the ‘Contractor’. Such contracts were then not ‘FIDIC contracts’ as the even balance of risks for which FIDIC’s Books were renowned had been changed. Other projects were those without the traditional ‘Engineer’. The Anglo-Saxon concept of the independent, trustworthy, almost ‘venerable’ Engineer, guiding the project and deciding on right and wrong has never been understood or accepted in many countries, for example many civil law countries, and there the direct two-party system of Employer – Contractor always has been the norm. The ‘Engineer’ concept has also often been ridiculed by lawyers and others who cannot understand how someone paid by one party can be fair to the other party, and the fact is that for many projects nowadays the person delegated to be ‘the Engineer’ has no chance of actually carrying out his duties impartially.

One of the main reasons for many employers’ attempts to pass as much risk to their contractors as possible stems from the inflexible budget requirements of their organisations. This also leads to their shackling of the ‘Engineer’ or his equivalent who supervises the construction work. FIDIC’s traditional balanced risk-sharing has meant that the Contractor has taken the construction and other risks which he can reasonably estimate, while the Employer has taken the risks of the unforeseen and other circumstances which cannot reasonably be reckoned in advance. In this way an employer pays extra only when such circumstance arises, and does not pay a premium estimated by the contractor to cover the risk of such circumstances. This leads to a lower contract price (i.e. without the premium) in the majority of cases, a higher price being paid only in those cases when unforeseen circumstances actually occur.

New provisions favouring the Contractor As indicated above, it is noticeable that articles criticising the Silver Book usually omit reference to new provisions which may be said to favour the Contractor. As up to now readers of ICLR have only been hearing about the disadvantages of the Silver Book for contractors, it could be useful to set out some of the new clauses that favour the Contractor, which have been introduced into all the three new Books (mostly identical or similar in all Books). Such new provisions that favour the Contractor include the following:

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The Employer is required to submit “within 28 days after receiving any request from the Contractor, reasonable evidence that financial arrangements have been made and are being maintained which will enable the Employer to pay the Contract Price” in accordance with the Contract. “If the Employer intends to make any material change to his financial arrangements” he is required to give notice to the Contractor with detailed particulars. [Sub-Clause 2.4].

If the Employer considers himself to be entitled to any payment under or in connection with the Contract, and/or to any extension of the Defects Notification Period (the new more correct name for the Defects Liability Period), he must “give notice and particulars” to the Contractor. The particulars must “specify the Clause or other basis of the claim, and shall include substantiation of the amount and/or extension to which the Employer considers himself to be entitled”. The notice shall be given “as soon as practicable after the Employer

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