Course Overview

FIDIC contracts are being increasingly used by the international Construction Industry throughout the World. The FIDIC Conditions of the Contract have been accepted by the Multilateral Development Banks, which include the World Bank, Inter-American Development Bank, and Caribbean Development Bank.
The interactive training presents the FIDIC Suite of Contracts with a focus on the FIDIC Red and Yellow Book and is based on the FIDIC Approved Module 1 Workshop. It examines the roles of both the Employer and the Engineer and highlights the essential differences between the various contract documents. The responsibility for design is dealt with and a substantial amount of time is devoted to the issue of extensions of time, variations, and certification.

Target Audience

This course can be taken by anyone who wishes to understand the conditions of the contract as laid down by FIDIC, most professionals who enroll for the course are Project Engineers, Quantity surveyors, Lawyers, Project Managers and Funding Agents, such as Development Banks will benefit enormously, Procurement & Contract managers, etc.

Learning Objectives

Thorough knowledge of the FIDIC Philosophy, the Signatories and Parties to the Contract, and the Parties and Role Players The Contractor, the Engineer, and Employer choosing the proper contract, The primary parties' obligations, the design, the plant, the materials, and the craftsmanship, the start, the delay, and the suspension, the tests, the flaws, and the liability for flaws, Subcontractors named, Financial processes, payments, suspension and termination, interim and final payments Contract termination options for the Employer and Contractor, risk, liability, and force majeure, claims, disputes, and arbitration, adjudication, The Dispute Adjudication Board's function, amicable resolution.