When it comes to construction projects, using a standardized contract is important to ensure that all parties involved are on the same page and that the project proceeds smoothly. One of the most widely-used contracts in the industry is the FIDIC contract. FIDIC stands for the International Federation of Consulting Engineers, and their contracts have been used in projects around the world for over 60 years. Here is a list of the different FIDIC contracts available:
1. The Red Book: Conditions of Contract for Construction
This is the most commonly used FIDIC contract, and is intended for use in building or engineering works where the employer provides the design, and the contractor is responsible for constructing the works. The Red Book covers everything from the start of the project to the end, including the design, construction, and handover stages.
2. The Yellow Book: Conditions of Contract for Plant and Design-Build
This contract is intended for use in works where the contractor is responsible for both the design and construction of the works, as well as supplying any necessary equipment. The Yellow Book is often used for projects involving complex plant, such as power plants or oil refineries.
3. The Silver Book: Conditions of Contract for EPC/Turnkey Projects
EPC stands for Engineering, Procurement, and Construction, and this contract is intended for use in projects where the contractor is responsible for the entire project, from design to completion. The Silver Book is often used in large-scale projects, such as infrastructure or industrial facilities.
4. The Green Book: Short Form of Contract
This is a simplified version of the Red Book, intended for use in smaller or less complex construction projects. The Green Book is designed to be more user-friendly and easier to understand for non-experts.
5. The Gold Book: Design-Build-Operate Contracts
This contract covers projects where the contractor is responsible for the design, construction, and operation of the works. The Gold Book is often used in projects such as highways or tunnels where ongoing maintenance and operation is required.
It`s important to note that while FIDIC contracts are widely used, they are not suitable for all projects. They are intended for use in construction projects, and may not be appropriate for projects in other industries. It`s always best to consult with a legal expert to determine the best contract for your specific project.