fidic , jct and nec contracts
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This document discusses several standard construction contract forms including FIDIC, JCT, and NEC. It provides an overview of FIDIC's different contract types (Red Book, Yellow Book, etc.) and key principles around fair risk allocation. For JCT, it outlines contract types like Design & Build, Standard Building Contract, and Major Project Construction. Finally, it briefly introduces the three editions of NEC and its underlying principles of clarity, good management, and flexibility.
fidic , jct and nec contracts
- 1. CONSTRUCTION CONTRACTS ASSIGNMENT ABIN BABU ,PRASANTH K ,ANAND PREMNATH, AJAS SUNIL,VANAMA PHANINDRA MBA (CEQS) GROUP 1
- 2. FIDIC • INTERNATIONAL FEDERATION OF CONSULTING ENGINEERS • BEST KNOWN FOR RANGE OF STANDARD CONDITIONS OF CONTRACT FOR CONSTRUCTION , PLANT AND DESIGN INDUSTRIES • FIDIC RAINBOW SUITES • RED BOOK • YELLOW BOOK • SILVER BOOK • GREEN BOOK
- 3. FIDIC (CONTD) • BASIC PRINCIPLE IS CONTRACT MUST PROVIDE A FAIR ALLOCATION OF RISK BETWEEN THE PARTIES TO A CONTRACT AND THE RSIK SHOULD BE BORNE BY A PARTY BEST ABLE TO CONTROL • CONTENTS • GENERAL CONDITIONS • GUIDENCE FOR PREPARATION OF PARTICULAR CONDITION • FORM OF TENDER AND CONTRACT AGREEMENT • DISPUTE ADJUDICATION AGREEMENT
- 4. FIDIC DEFINES • ROLES OF ENGINEER • CLAIMS • VARIATIONS • CONTRACTORS OBLIGATIONS • DELAYS AND EXTENSION OF TIME • DISPUTE RESOLUTION • RECORD KEEPING
- 5. JCT(JOINT CONTRACT TRIBUNAL ) • BRITISH BASED • FORMED BY 7 MEMBER COMMITTEE • JCT SUITE OF CONTRACTS -2011 SBC D&B MP INTERM EDIATE CONTR ACTS MINOR WORKS FRAME WORK
- 6. DESIGN & BUILD • POPULAR FORM OF JCT SUITE • LARGE COMPLEX CONSTRUCTION PROJECTS • CONTRACTOR WILL DESIGN THE WORK BASED ON THE REQUIREMENTS GIVEN BY EMPLOYER • THE CONTRACTOR WILL PRODUCE CONTRACTORS PROPOSAL • CONTRACTOR WILL CARRY OUT WORK FOR LUMPSUM
- 7. STANDARD BUILDING CONTRACT • TRADITIONAL CONTRACTING • CONTRACTOR WONT INVOLVE IN ANY DESIGN • WORK WILL BE DESCRIBED AS PER DRAWINGS PREPARED AND GIVEN TO CONTRACTOR BY EMPLOYER • 3 FORMS • SBC /Q • SBC/XQ • SBC/AQ
- 8. MAJOR PROJECT CONSTRUCTION • LARGEST DESIGN & BUILD PROJECTS ALL BUILD BY ONE CONTRACT • SHORTER THAN DB ,BUT MORE FLEXIBLE • SUITABLE WHEN PARTIES ARE • EXPERIENCED IN UNDERTAKING LARGE SCALE CONSTRUCTION WORK • FAMILIAR WITH RISK MANAGEMENT • HAVE APPROPRIATE IN HOUSE CONTRACTUAL PROCEDURES
- 9. STANDARD FORMAT OF JCT • ARTICLE OF AGREEMENT • CONTRACT PARTICULARS • CONDITIONS OF CONTRACT • SCHEDULES
- 10. NEC (NEW ENGINEERING CONTRACT) • CREATED BY INSTITUTION OF CIVIL ENGINEERS • 3 EDITIONS • NEC 1- 1993 • NEC 2 -1995 • NEC3 - 2005
- 11. UNDERLYING PRICIPLES OF NEC3 • CLARITY & SIMPLICITY • STIMULUS TO GOOD MANAGEMENT • FLEXIBILITY STRUCTURE OF NEC3 CORE CLAUSES MAIN OPTIONS DISPUTE RESOLUTION SECONDARY OPTION CONTRACT DATA Z CLAUSES
- 12. COMPARISON
- 13. COMPARISON
- 14. COMPARISON
- 15. COMPARISON
- 16. THANK YOU