The document discusses FIDIC, an international organization for consulting engineers. It was founded in 1913 and now has over 60 member countries. FIDIC is best known for publishing standard contract conditions used around the world for construction projects. The document discusses the new editions of FIDIC's standard contracts, including the Red Book for construction, Yellow Book for plant design/build, and Silver Book for EPC turnkey projects. It provides details on the applicability of each book under different project delivery systems. The document also discusses improvements made in the new editions to address issues like back payments, financial arrangements, and contractor-financed projects.
A thorough analysis of FIDIC and it implication on COnstruction industry explained in this presentation for the beginners. It has been broken down to simplified version
- Having a brief of FIDIC
- Understand the steps and stages of Contract Management Using FIDIC.
- Understand the Role of PM during construction project to protect the organization Business case.
A thorough analysis of FIDIC and it implication on COnstruction industry explained in this presentation for the beginners. It has been broken down to simplified version
- Having a brief of FIDIC
- Understand the steps and stages of Contract Management Using FIDIC.
- Understand the Role of PM during construction project to protect the organization Business case.
The Second Edition of the Rainbow Suite is considerably longer, more detailed. The update addresses issues raised by users over the past 18 years and reflects current international best practice. The presentation analysis changes in Yellow & Silver Books as they apply to EPC & PPP Contracts from the perspectives of Public Entities, Contractors and Lenders.
Training Slides of Extension of Time (EOT) & Related Costs in Construction, in fullfillment of Delay Claim Expert.
Some Key-Points:
- Contentious Issues in Delay Analysis
- The SLC Protocol
For further information regarding the course, please contact:
info@asia-masters.com
www.asia-masters.com
#FIDIC Understanding Basics# By SN Panigrahi
Essenpee Business Solutions
FIDIC Golden Principles
FIDIC essential characteristics of its general conditions of contract
Essenpee Knowledge Series
A review of the concept of extension of time for construction contracts, including why it is beneficial for employers to grant extensions. Includes a look at alternatives to extension, by way of acceleration of works.
Training Slides of An Overview of the FIDIC FORMS OF CONTRACTand Contracts Committee Activities .
For further information regarding the course, please contact:
info@asia-masters.com
www.asia-masters.com
Construction Contracts Management based on UK common law using more than 40 cases of law with references from the UK, USA regulations, and international rules plus some examples from standard forms of construction contracts such as JCT, NEC & FIDIC.
The Second Edition of the Rainbow Suite is considerably longer, more detailed. The update addresses issues raised by users over the past 18 years and reflects current international best practice. The presentation analysis changes in Yellow & Silver Books as they apply to EPC & PPP Contracts from the perspectives of Public Entities, Contractors and Lenders.
Training Slides of Extension of Time (EOT) & Related Costs in Construction, in fullfillment of Delay Claim Expert.
Some Key-Points:
- Contentious Issues in Delay Analysis
- The SLC Protocol
For further information regarding the course, please contact:
info@asia-masters.com
www.asia-masters.com
#FIDIC Understanding Basics# By SN Panigrahi
Essenpee Business Solutions
FIDIC Golden Principles
FIDIC essential characteristics of its general conditions of contract
Essenpee Knowledge Series
A review of the concept of extension of time for construction contracts, including why it is beneficial for employers to grant extensions. Includes a look at alternatives to extension, by way of acceleration of works.
Training Slides of An Overview of the FIDIC FORMS OF CONTRACTand Contracts Committee Activities .
For further information regarding the course, please contact:
info@asia-masters.com
www.asia-masters.com
Construction Contracts Management based on UK common law using more than 40 cases of law with references from the UK, USA regulations, and international rules plus some examples from standard forms of construction contracts such as JCT, NEC & FIDIC.
Risk Assessment, Mitigation And Management In Epc Projects With Case Study By...HIMADRI BANERJI
Risk Assessment, Analysis, Mitigation and Management of EPC is therefore, of prime importance today especially with newer risks thrown open by the global economic meltdown related risks, risk related liabilities for performance are allocated to the EPC contractor, with instruments as Liquidated Damages, Extended Guarantees, Latent Defect Liabilities etc.
Contract management is the systematic process of creating, administering, and enforcing contracts between two or more parties. It ensures both parties fulfill their obligations as outlined in the agreement and minimizes potential risks.
FIDIC-ACEG European Regional Infrastructure Conference, 6-7 March 2018, Tbili...Cerasela Angelescu
All the parties involved in a contract will wish for the respective project to be successful. Therefore, understanding that it takes not only a fair and balanced contract which sets out the roles of the parties, but also mechanisms which will ensure that the issues which may arise will be dealt with promptly and fairly, proactively identifying options and solutions to challenges, the International Federation of Consulting Engineers (FIDIC) and the Georgian Association of Consulting Engineers (ACEG) have organized the FIDIC-ACEG European Regional Infrastructure Conference in Tbilisi, Georgia, 6/7 March 2018.
an introduction to FIDIC contracts and the other available international modules. Provides and overview of history of FIDIC contracts, documents under FIDIC, types of contract clauses, and contract structure.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
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Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
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2. Fédération Internationale Des Ingénieurs-Conseils - FIDIC
FIDIC is the French acronym for the International Federation of
Consulting Engineers.
FIDIC was founded in 1913 to promote the professional interests
of the member associations and to disseminate information of
interest to members of its component national associations
Today FIDIC membership numbers more than 60 countries and
represents most of the private practice consulting engineers in
the world. Only associations of consulting engineers are eligible
for FIDIC membership.
During the past half century, the International Federation of
Consulting Engineers (FIDIC) has devoted itself to the
compilation of management documents for all kinds of projects,
among which the FIDIC Conditions of Contract are of the highest
influence and are the most popular application.
3. New Edition FIDIC
The new models include :
FIDIC Conditions of Contract for Construction, the (New
Red Book)
FIDIC Conditions of Contract for Plant and Design/Build,
the (New Yellow Book)
FIDIC Conditions of Contract for EPC Turnkey Projects,
the (Silver Book)
FIDIC Short Form of Contract, the (Green Book)
FIDIC Conditions of Contract (new edition) raised a higher
requirement to the Parties concerned in the area of contract
management 12
4. APPLICATION
Applicability under Various Project Delivery and Contracting System:
1. The “New Red Book” can be used in any kind of Engineering
Construction Contract.
2. The “New Yellow Book” applies to the lump sum contract project
where the Contractor takes participation in the design work.
3. The “Silver Book” applies to the turnkey projects of infrastructures or
large-scale factories, where the Contractor takes on more work and risk
while the Employer’s participation is small (private financing or
government financing), but it is strictly defined upon the investment
and construction period.
4. The “Green Book” can be used in all kinds of small-scale projects.
5. Altogether, these four Contract Conditions can be applied to nearly
every kind of project, expect for that of managing contracting or simply
consulting or designing
5. FIDIC
The first edition of FIDIC Conditions of Contract for
Works of Civil Engineering Construction (use “Red
Book” in the following) was compiled in 1957,and
later its second, third, and fourth edition were issued
in 1963, 1977, and 1987 respectively.
6. FIDIC
With the investigation of the governments,
employers, contractors and consulting engineers all
over the world about their application of the “Red
Book”, 204 findings reports were returned.
According to the findings, the FIDIC Contract
Committee organized a group of experts to compile
the new Contract Condition models to be applied in
the 21stcentury.
7. High-quality Provisions and Logical Clause
Sequencing:
Compared with the original “Red Book”, the “New
Red Book” has163 clauses, nearly 40% being
freshly compiled. An additional 40% were modified
and given supplements. Only 20% were kept intact.
The old edition adopted ICE’s disorderly style bit
in the clause sequence, while in the new edition,
the related sub-clauses are put into one clause
when possible, and convenient to the users.
8. Green Book -
Low value,
simple works
100%0%
Amount of design by Contractor
•RisktransfertoContractor
•Certaintyofoutturnprice
Red
Yellow
Silver
10. Typical Sequence of dispute Events Envisaged in
Clause 20
20.2 Parties
appoint
the DAB
20.4 A Party
refers a dispute
to the DAB
Parties present
submissions to the DAB
20.4 A Party may
issue a “notice of
dissatisfaction”
DAB gives its decision
< 28d < 84d < 28d < 56d
Amicable Settlement
12. The Current (1999) Red Book – Basic Features
The Current (1999) Red Book – Basic Features
1. Suitable for all civil works projects where main responsibility for
design lies with Employer (or his Engineer).
2. Some design may, of course, be carried out by Contractor.
3. Administration of Contract and supervision by Engineer.
4. Approval of work, payment and claims certified by Engineer.
5. Work done is measured, payment according to Bill of Quantities.
6. Option for payment on lump sum basis.
7. Balanced / fair risk-sharing.
13. More specific provisions concerning the rights &
obligations of the contracting parties
Taking the clause of Employer’s default as an example,
there are 3 points added to the new red book: two of them
are concerned with payments. This shows the strict
requirement for the employer. However the contractor
should institute a quality assurance system and submit to
the engineer to audit any aspect of the system before
execution.
Monthly progress report shall be prepared by contractor to
submit to engineer every month, otherwise, payment won’t
be given.
Any kind of Bribe can result in contractors default.
All of the above are high requirements from the contractor.
14. To solve the problem of Back payment using
world wide reference
Since the problem of Employers financial vacancy or
contractor financing are originating world wide, the relative
clause and regulations are added into FIDIC condition of
contract
The employers shall submit within 28 days, after receiving
any request from contractor reasonable agreement that
financial agreement has been made.
If the employer intends to make any significant change to
his financial agreement, he shall give notice to contractor
with detailed particulars.
15. To Solve the Problem of Back Payment using
World Wide Experience for Reference:
It is reported that the back payment and debt
between the engineering units in China have added
up to 280 billion (RMB), which is mostly
Employer’s (government included) default to the
Contractor. The problem has greatly influenced the
construction corporations that their economic
strength were weakened. The market needs a legal
system to provide a guarantee for free and fair
competition.
16. Since the problems of the Employer’s financial vacancy or
Contractor financing are originating worldwide, the relative clauses
and regulations are added into FIDIC Conditions of Contract:
Employer’s financial arrangement. The Employer shall submit
within 28 days after receiving any request from the Contractor
reasonable evidence that financial arrangement has been made. If
the Employer intends to make any material change to his financial
arrangement, he shall give notice to the Contractor with detailed
particulars.
If the Employer fails to execute in accordance with this clause, the
Contractor may, after giving a 21 days’ notice to the Employer,
suspend the work or reduce production output as a kind of warning;
if the Contractor does not receive any reasonable financial
arrangement certificate within 42 days after giving the warning, he
shall be entitled to terminate the Contract, for it is the Employer’s
default. Also the Contractor can get all the compensation earned on
the condition of Employer’s default.
17. Contractor Financed Project’s execution. It is specially set up in the
Particular Conditions an Example Provisions for Contractor
Finance, which defines that if it is Contractor financing and he has
committed to the project, the Employer shall deliver a bank
payment guarantee to the Contractor within 28 days after both
parties have entered into the Contract Agreement. If the Contractor
does not receive the guarantee, the Engineer shall not issue the
notice to commence. It is defined in the guarantee that if the
Employer fails to make payment in full by the date 14 days after the
expiry of the period specified in the contract as that within which
such payment should have been made, the Contractor shall been
entitled to demand for payment from the bank with a certificate,
Contractor’s signatures which must be authenticated by his bankers
or by a notary public.