FIDIC Stands for Fédération Internationale Des Ingénieurs-Conseils (International Federation of Consulting Engineers) which has about 102 countries as members. The FIDIC forms of contract have conditions suitable for use in all types of construction, electrical, mechanical and domestic contracts.
In 1999, FIDIC published four new editions of forms of contracts :
The Contract for construction includes a set of conditions recommended for building or engineering works where the owner provides most of the design. However, the contract work may also include some contractor-designed civil, mechanical or electrical works.
These days many contractors design a significant portion of the work on their own, so the conditions of contract for construction includes more provisions which are applicable under such cases.
Also Read: Standard Contract Documents in construction
These contracts include a set of conditions suitable for the provisions of electrical and/or mechanical plant and for design and construction of buildings or engineering works. Under this contract, the contractor designs and provides the plants and other works which may include any combination of civil, mechanical, electrical and/or construction works, as per the requirement of the employer.
This type of FIDIC contract is also suitable for design and building of building and engineering works. This contract requires the appointment of an engineer to administer the contract.
This contract is suitable for turnkey undertakings such as power plants, process factory, infrastructure undertakings or any developmental works. EPC stands for engineering, procurement and construction. The undertakings under this type of contract have a higher degree of certainty on undertaking cost and time of completion.
The contractor has the responsibility of design and execution of the undertaking including the guarantees of the performance. The contractor carries out the engineering, procurement and construction providing a fully equipped facility ready for operation.
In this contract, the contractor has greater freedom to satisfy the requirements of the end-user as specified in the conditions of the contract. This type of contract seems more profitable to the contractor than the traditional form of contracts, and thus, they are ready to accept the greater degree of risks.
small capital value projects) of short duration or of relatively simple and repetitive works. Short form of contract is suitable for small building works (i.e. This contract is suitable for any type of engineering and building projects irrespective of who offers the engineering. Depending on the type of work and circumstances, this type of contract may also be suitable for contracts of higher values.
The contractor has to carry out the construction works as per the design provided by the owner. This contract may also include contractor-designed civil, mechanical, electrical and/or construction works.