Understanding the FIDIC Red Book

Examines the effect and operation of each contract clause through clause-by-clause commentary Helps you to interpret contract clauses correctly and decide whether amendments need to be made to suit your situation Reproduces each clause followed by bullet points of key features plus additional commentary on the clause's operation, points of interest and relevant cases Compares the new contract with previous versions of the FIDIC Red Book and other widely used standard contracts, such as the ICE forms Provides guidance on whether amendments or deletions need to be made Features an overview chapter dealing with thematic issues such as the contract's history and purpose, the concept of the engineer, time and money, dispute resolution, and enforcement of arbitral awards Discusses problems frequently encountered in practice in relation to clauses Discusses the MDB version and how this differs from the standard Red Book contract Features new sections on Claims, Disputes and Arbitration