FIDIC Yellow Book Update – What's New?

The International Federation of Consulting Engineers ("FIDIC") is an international standards organization for consulting, engineering and construction, which publishes standard form contracts between employers (owners) and contractors that are often considered to be the preferred contracts for use on international construction and engineering projects. A fundamental principle behind the FIDIC contracts is the use of general conditions of contract that are suitable in almost all cases. In 1999, FIDIC published a range of first edition contracts, including:

• Conditions of Contract for Construction for Building and Engineering Works Designed by the Employer: The Construction Contract (the "Red Book");