Impact Of Tariffs And Suspension On Development Projects Under The FIDIC Form

In early December, I had the pleasure of serving as a session moderator at the Annual FIDIC International Contract Users' Conference in London. The session, "Impact of tariffs and suspension on development projects", featured a panel of construction and international arbitration experts.¹ In our discussion, we explored the multifaceted effects of tariff regimes and project suspensions, particularly those arising from the cuts to the United States Agency for International Development ("USAID") and the Millennium Challenge Corporation ("MCC").

These developments have substantial implications for international contractors and employers involved in US-funded infrastructure programmes, including projects which were under the FIDIC form of contract.