New FIDIC yellow book major changes - LexologyAll rights reserved. No part of a FIDIC publication can be reproduced, translated, adapted, stored in a retrieval system or communicated, in any form or by any means, mechanical, electronic, magnetic, photocopying, recording or otherwise, without prior permission in writing from FIDIC. It creates resources for providing a wide range of services meeting the business needs of member firms. FIDIC regularly updates and reissues publications so that users can profit from the state-of-the-art. The use of authentic publications is therefore essential for safeguarding their interests.
Plant and Design-Build Contract 2nd Ed (2017 Yellow Book)
Please contact customerservices lexology. FIDIC has long been renowned for its flexible suite of standard forms of contract for use on international construction and engineering projects. Two of the key strengths, or attractions, of the FIDIC suite of contracts are, firstly, that they are capable of use across a diverse range of legal systems and, secondly, that they have been pro-actively updated and added to over time to respond to the needs of the industry. In early , FIDIC formed a working group to focus on updating its existing suite of contracts and to add entirely new forms of contract including sector-specific tunnelling and renewables forms ; with intentions to release such new and updated contracts over the course of the next two years. This Alert provides a high-level overview of the changes which will be made to the Yellow Book, its first update in over 15 years. The Yellow Book 2nd edition changes are likely to have wide-reaching impact as the Yellow Book remains the most commonly used contract in the Rainbow Suite.