The contract covers essential aspects, such as:
Prolongation costs are calculated using a simplified formula based on a "Weighting for Contractor’s Overheads" specified in the contract data, eliminating complex accounting disputes. 4. Liquidated Damages for Delay and Termination
The FIDIC Green Book 2021 maintains a balanced approach to risk, though it tends to lean slightly toward the Employer to keep the contract simple.
Payment terms, valuation, and final certificate. Default: Termination by employer or contractor. fidic short form of contract 2021 pdf
The Short Form is for everyone. Using it for a skyscraper would be a disaster. Use it if:
Written in clear, accessible language to minimize disputes arising from complex legalese.
While the 2021 Green Book is more comprehensive, it remains the most accessible of FIDIC's core contracts. It is ideal for: The contract covers essential aspects, such as: Prolongation
While some educational materials and overviews are available in PDF format from industry sources (such as ECV Global or the FIDIC Academy ), it is crucial to acquire the final, authorized contract from FIDIC to use in professional projects.
: Since the Engineer is a new addition to this form, selecting an experienced professional who understands neutral determination is vital for project success.
For those looking to deepen their understanding, the FIDIC Academy offers courses on the 2021 Green Book, providing comprehensive insights into its application. If you'd like, I can: Compare specific clauses with the 1999 edition Explain the role of the Engineer under the new 2021 rules Outline the new claim submission timelines Let me know which of these topics would be most helpful! Share public link Payment terms, valuation, and final certificate
Recognising this reality, FIDIC determined that a thorough revision was necessary. The Second Edition, launched officially at the FIDIC International Contract Users' Conference in December 2021, retains the fundamental simplicity of its predecessor while incorporating features that bring it into alignment with the broader FIDIC suite updated in 2017.
Even with a simple contract, users make errors. Avoid these: