FIDIC a recognised balanced construction contract that could turn into a significant challenge for small companies

Kathu CSP (South Africa) (c) Benjamin Coquerelle

By Benjamin Coquerelle, Senior Director Legal, AMEA Power

A)     The origin

The suite of FIDIC agreements has been implemented across the globe over the last few decades. It has been largely adopted by the construction industry, being clients or contractors, as well as many law firms. It is used on small to very large scales projects.

The FIDIC conditions have been developed in order to maintain a rather general balanced split of risks between a client and its contractor.

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