FIDIC's colourful "rainbow suite" of standard form
contracts are the most widely used international construction
contracts in the world. But do you need to be aware of the grey
areas that may apply in certain jurisdictions because of local laws
or customs?
FIDIC Contracts – Background
FIDIC is a French acronym meaning the 'International
Federation of Consulting Engineers' and is an organisation that
serves the professional interests of consulting engineers. Its
contracts are drafted by a contract committee and reviewed by
experts from various jurisdictions, making them highly versatile
and adaptable to different legal systems.
FIDIC contracts consist of general conditions, guidance for the
preparation of particular conditions, annexes, and various forms of
securities and agreements. The contracts are available in different
versions, known as the "rainbow suite." The Red Book,
first published in 1957, is the oldest edition and is typically
used for employer
