Internationally standardized contract forms

Internationally standardized contract forms

1. FIDIC forms of Contract

   • The Red Book Contract for Construction
     • Contractor constructs based on the design provided by the Employer
       • Bid-Build
   • The Yellow Book Contract for Plant and Design-Build
     • Contractor designs and provides the equipment and works to fulfil the Employers requirements
       • Design-Build
   • The Silver Book EPC/Turnkey contracts
     • Includes
       • EPC
       • Turnkey
       • BOT
     • Should not be used if
       • Employer wants a high level of control
       • Project parameters aren't clear
   • The Green Book Short form of contract
     • Simple or repetitive work
     • Small capital <0.5M
     • Short duration <6 months
   • The White Book Services Agreement
     • Preinvestment and feasibility studies

2. Other standard forms of contract

   • The World Bank
     • Standard Bidding Documents for Works (SBDW)
       • Mostly based FIDIC
   • Asian Development Bank
     • Standarized Bidding Documents (SBD)
   • European Investment Bank
     • Funding for projects in the Union's interest
     • Only verifies that the conditions for the funding are met

3. Client-consultant model service agreements

   • DNR 2005
     • Agreement between Client and Consultant
     • Netherlands
   • Standard World Bank
     • Components
       • The form of contract to be signed by the parties
       • The General Conditions of Contract
       • The Special Conditions for Contract
       • The Appendices