FIDIC Yellow Book 2017: In-Depth Analysis of Clause 1 General Provisions
Understanding Clause 1.2: A Comprehensive Analysis of Interpretation in FIDIC Yellow Book 2017 Introduction to Clause 1.2: The Foundation of […]
Understanding Clause 1.2: A Comprehensive Analysis of Interpretation in FIDIC Yellow Book 2017 Introduction to Clause 1.2: The Foundation of […]
In the realm of construction contracts, the FIDIC guidelines serve as a global standard, with suspension and termination clauses being
Navigating the intricate landscape of Plant and Design-Build contracts can be a daunting task. However, understanding the sequence of principal events can significantly simplify the process. This guide aims to provide a comprehensive breakdown of each critical stage, referencing the relevant clauses from the FIDIC Yellow Book for clarity and accuracy.
The FIDIC Yellow Book 2017 is a comprehensive guide for construction contracts, and Sub-Clause 3.7, titled “Agreement or Determination,” is a pivotal section that outlines the procedures for resolving disputes or claims. This article aims to provide a detailed breakdown of the typical sequence of events that occur under this sub-clause.
Understanding the payment process in construction contracts is crucial for both the Employer and the Contractor. Clause 14 of the FIDIC Yellow Book 2017 provides a comprehensive framework for the sequence of payment events. This article aims to break down this clause into easily digestible sections, explaining each step in detail.
The clause serves as a procedural safeguard, ensuring that all claims are substantiated with adequate information and documentation. This is crucial for transparency and fairness in contractual relationships.
The core purpose of Clause 20.2.3 is to define what constitutes “contemporary records” and to mandate their maintenance by the claiming party. This ensures that claims are substantiated by timely and relevant documentation.
The primary purpose of Clause 20.2.2 is to set a procedural framework for the Engineer to respond to a Notice of Claim. It outlines the timeframes and conditions under which a claim is considered valid or invalid.
The Clause 20.2.1 “Notice of Claim” serves as a formal mechanism for either the Contractor or the Employer to notify the other party of a claim for additional time or money. This clause is crucial for maintaining contractual fairness and transparency.
The FIDIC suite of contracts, renowned for setting the international benchmark for managing major project works, underscores the importance of clear, concise, and transparent agreements between all parties involved.