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ARTICLE · 02 AUGUST 2019

FIDIC Issues "Emerald Book" For Underground Works

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International construction arbitration welcomes FIDIC's latest standard form contract: the "Emerald Book"

United StatesCorporate/Commercial Law
Hamish Lal
Hamish Lal
Scott M. Heimberg
Scott M. Heimberg
Brendan Casey
Brendan Casey
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International construction arbitration welcomes FIDIC's1 latest standard form contract: the "Emerald Book"2. Known more formally as Conditions of Contract for Underground Works the contract is designed to address issues that arise when dealing with sub-surface works and, in particular, it seeks to codify the cost and time impact of "Unforeseeable Physical Conditions". The Emerald Book is an innovative contract. It is a rational but complex contract best suited for employers and contractors who are well advised on design and its direct relationship with the program and costs. We say this because the rights and obligations in the Emerald Book revolve around the Geotechnical Baseline Report (a new document in the world of FIDIC contracts) (GBR) and because the Emerald Book seeks to integrate cost and time through:

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