FIDIC Guidance Memorandum Dated 21 March 2023

As the world continues to grapple with the huge impact of the COVID-19 pandemic and the ongoing war in Ukraine, the construction industry faces unprecedented challenges. Project disruptions, delays, and cost escalations have become commonplace due to supply chain issues and fluctuating market conditions. To address these challenges and provide clarity to stakeholders, the International Federation of Consulting Engineers (FIDIC) issued a Guidance Memorandum on 21 March 2023. This comprehensive guide offers assistance in understanding the relief mechanisms available under FIDIC contract forms, specifically in relation to COVID-19 and war-related issues. In this article, we will delve into the key aspects of the FIDIC Guidance Memorandum, including the risk events it covers, the legal and contractual basis for relief, and the conditions for entitlements under various FIDIC contract clauses.