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Changes to the FIDIC Forms of Contract – Red, Yellow and Silver Books: An Overview

On 25 December 2018, CRCICA organized a seminar titled “Changes to the FIDIC Forms of Contract – Red, Yellow and Silver Books: An Overview”. The speaker, Engineer Aisha Nadar of Advokatfirman Runeland, Stockholm and a FIDIC member of the Board presented the main features of the FIDIC 2017 Suite and their advantages including clarity and certainty. Ms. Nadar stressed that the new edition favored communication between the parties, which should help achieve project success by early identification of issues and the avoidance of disputes. Some of the features of the 2017 contracts presented by Eng. Nadar were: the notice as a defined term, early warning, reciprocity of obligations between the parties, more detailed claims process (Clause 20 and SC 3.7), focus on dispute avoidance, claim separated from Dispute, clause 20 (Claims), clause 21 (Disputes), and DAB renamed to DAAB (Dispute Avoidance and Adjudication Board).

The seminar was attended by about 120 participants from Egypt, Nigeria, and Saudi Arabia representing a diversity of business sectors: construction, arbitration and ADR, banking, risk management, oil and gas, real estate, telecommunication. Lawyers and members of the Egyptian judiciary and universities also attended the event.

 Posted in Seminar
 Event date Dec 25 2018

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