White & Case partners Ellis Baker, Daniel Garton and Rebecca Shorter discuss some of the main differences between the First and the Second editions and the possible impact on the construction sector.
The new FIDIC Suite
The new FIDIC Suite is a major landmark in the development of international contracting for construction and engineering projects worldwide. It comprises three forms of construction contract:
- The Red Book (Construction);
- The Yellow Book (Plant & Design Build); and
- The Silver Book (EPC/Turnkey).
The FIDIC Contracts have for many years been the pre-eminent standard-form construction contracts between employers and contractors for major projects globally. The new Suite seeks to build on the substantial experience gained from the use of the previous Suite over the last 18 years, since its release in 1999. As such, it is of great importance to all participants involved in the international construction industry, whether employers, contractors, subcontractors, consultants or lenders.
A commentary on the changes made in the new FIDIC Suite can be found here.
The Fédération Internationale Des Ingénieurs-Conseils (FIDIC) was founded in Belgium in 1913. Since then, it has become the foremost representative body for the world's consulting engineers, with member associations in some 100 countries.
Our FIDIC publications
- FIDIC Contracts: Law and Practice is an authoritative text on the FIDIC Forms of Contract. It provides detailed commentary and analysis on the FIDIC Rainbow Suite, comprising the Red, Yellow and Silver Books, together with the MDB Harmonised Pink Book, and the DBO Gold Book.
It has sold more than 1,500 copies worldwide and is widely used by lawyers and construction professionals engaged in the development of construction and engineering projects, the administration of claims, and the avoidance and resolution of disputes around the globe.
The new FIDIC rainbow: A major departure or just an update?
AWARDS & RECOGNITION
"[White & Case's] highly regarded work…includes the development and expansion of FIDIC contract forms on a global
scale. The firm is widely seen as a leading adviser globally on all aspects of project procurement and delivery under the FIDIC contracts, regularly advising employers and contractors on the negotiation of FIDIC contracts, the administration of their terms and the avoidance and resolution of claims and disputes arising."
Legal or Professional Services of the Year firm
FIDIC Contracts Awards 2020