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Nicholas Cox
Nicholas Cox

The Benefits of Using the FIDIC Construction Contract 2nd Ed (2017 Red Book) for Your Project



What is the New Fidic Red Book Pdf and Why You Should Download It




If you are involved in building and engineering works designed by the employer, you may have heard of the FIDIC Construction Contract 2nd Ed (2017 Red Book). This is a standard form of contract published by the International Federation of Consulting Engineers (FIDIC), which is widely used in international construction projects. But did you know that FIDIC issued a reprint of this edition in Nov 2022 with some important amendments? In this article, we will explain what the New Fidic Red Book Pdf is and why you should download it.




NewFidicRedBookPdf



What is the FIDIC Construction Contract 2nd Ed (2017 Red Book)?




The FIDIC Construction Contract 2nd Ed (2017 Red Book) is a comprehensive and balanced contract that covers all aspects of construction projects, such as general conditions, guidance for preparation of particular conditions, forms of letter of tender, letter of acceptance, contract agreement and dispute adjudication/avoidance agreement. It is suitable for projects where the employer designs the works and provides the contractor with drawings and specifications. The contractor is responsible for executing the works in accordance with the employer's requirements.


What are the main features and benefits of the FIDIC Construction Contract 2nd Ed (2017 Red Book)?




Some of the main features and benefits of the FIDIC Construction Contract 2nd Ed (2017 Red Book) are:


  • It reflects the best practices and standards of the international construction industry.



  • It provides clear and fair allocation of risks and obligations between the parties.



  • It promotes effective communication and cooperation among the parties.



  • It encourages dispute avoidance and provides efficient dispute resolution mechanisms.



  • It incorporates the FIDIC Golden Principles, which are essential for ensuring the integrity, quality and sustainability of the contract.



What are the amendments in the New Fidic Red Book Pdf?




The New Fidic Red Book Pdf is a reprint of the 2017 edition with some amendments that were made in Nov 2022. These amendments are based on feedback from users and stakeholders of the contract, as well as on recent developments in the construction industry. The amendments aim to improve clarity, consistency and enforceability of the contract. Some of the amendments are:


  • A new clause on anti-corruption and compliance.



  • A revised clause on advance payment and security.



  • A revised clause on variations and adjustments.



  • A revised clause on suspension and termination by employer.



  • A revised clause on defects liability.



  • A revised clause on payment.



  • A revised clause on delay damages and bonus.



  • A revised clause on force majeure.



  • A revised clause on disputes and arbitration.



How to download the New Fidic Red Book Pdf?




If you want to download the New Fidic Red Book Pdf, you can visit the official website of FIDIC at https://fidic.org/books/construction-contract-2nd-ed-2017-red-book-reprinted-2022-amendments. You can choose between hardcopy or electronic format, as well as between different languages. The price ranges from 63.00 to 235.00 depending on your preferences. You can also download a free pdf file that explains the FIDIC Golden Principles at https://fidic.org/sites/default/files/_golden_principles_1.pdf.


Conclusion




The New Fidic Red Book Pdf is a valuable resource for anyone involved in building and engineering works designed by the employer. It provides a comprehensive and balanced contract that reflects the best practices and standards of the international construction industry. It also incorporates some important amendments that improve clarity, consistency and enforceability of the contract. You can download it from the official website of FIDIC at https://fidic.org/books/construction-contract-2nd-ed-2017-red-book-reprinted-2022-amendments.


Conclusion




The New Fidic Red Book Pdf is a valuable resource for anyone involved in building and engineering works designed by the employer. It provides a comprehensive and balanced contract that reflects the best practices and standards of the international construction industry. It also incorporates some important amendments that improve clarity, consistency and enforceability of the contract. You can download it from the official website of FIDIC at https://fidic.org/books/construction-contract-2nd-ed-2017-red-book-reprinted-2022-amendments. 4e3182286b


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