NEW IN FIDIC REVISIONS

 

What is New in FIDIC Revisions?

FIDIC, the International Federation of Consulting Engineers, periodically updates its contract forms to be updated with the advanced construction industry. These revisions are key to ensuring fairness, clarity, and effective risk management in major international projects.

What’s New?

• Modernized Standards: Keeping up with the latest engineering practices and tech advancements.
• Clearer Risk Allocation: Fair distribution of risks between employers and contractors.
• Dispute Prevention & Resolution: Improved methods to avoid disputes and manage them effectively when they arise.
• Sustainability Focus: Environmental and social impacts are now more integral than ever.

The latest updates, especially the 2017 Second Editions, reflect these principles with tools like Dispute Avoidance Boards and enhanced project management frameworks. FIDIC revisions are a must-know for those in global construction!