FIDIC Contracts Explained

[@Metroun]

Do you use the FIDIC form of contracts or do you use another form of contract?

[@engrmidrar]

Yes FIDIC form of contract.

[@mikiyasshumu8437]

We are using FIDIC form or contract . If you have case study like actual claims issue that's arise during construction and the same solving mechanism by referring FIDIC It will help us more. Thanks for your commitments !!!!

[@Er.Sunil.Pedgaonkar]

FIDIC should support encourage Consulting Engineers of all disciplines & all kind of engineering/technology contracts, arbitration,mediatoon, mediation -- Er. Sunil Pedgaonkar, India, Consulting Engineer, India

[@Metroun]

Thanks for the comment!

[@Agproperty677]

Nice intro to the contracts

[@Metroun]

Thank you. Take a look at our FIDIC playlist for more FIDIC videos.

[@kwesicrayon1289]

Great video. You haven’t followed up with the mini series of the main book as you promised. Thank you for the great l videos.

[@Metroun]

Hi Kwesi, Please find attached playlist for everything FIDIC related. Here you will find videos on the contract books. We hope this helps. kzbin.info/aero/PLEqD73qa8q99NuOmn3UGOENToyN04qthA

[@amjadaliikram3560]

Wonderful video.

[@Metroun]

Thank you!

[@aneeshaneeli3563]

Thank you❤‍🔥

[@Metroun]

You're very welcome! We hope it's been useful to you

[@mikiyasshumu8437]

pleased realised more vedio

[@Metroun]

Thanks for your comment! We have released a new video every week over the past 3 years and will continue to do so :)

[@mhmdmhmdd2413]

do you have session about types of bond especially the different between performance bond and retention bond ..etc

[@Metroun]

Yes we do. Here's a couple of links for you kzbin.info/www/bejne/iajCdGOpgbNsbKM kzbin.info/www/bejne/ZnbGkn5snNuqfpY

[@douglasmanyadza9062]

A great summary

[@Metroun]

Hi Douglas, That's great to hear! Do you use the FIDIC form of contract?

[@douglasmanyadza9062]

@@Metroun yes

[@Metroun]

Great! Is there anything in particular you'd like us to cover?

[@ridwaanmohamoud2]

Well note

[@Metroun]

Thank you. We'll be issuing an updated video shortly.

[@hassanh9372]

I am looking for EPC form of contract agreement template? If you can help please. Thanks

[@Metroun]

Unfortunately that’s not something we’re able to help with at this stage. We do not currently provide contract form templates.

[@hassanh9372]

@@Metroun okay,please advise who can provide if you know.. Thanks

[@amjadaliikram3560]

Sir which FIDIC book you recommend for thorough understanding of construction projects. Old Red book or new one? Best regards.

[@Metroun]

New red book :)

[@nayeemshaikh1682]

Great explanation👌 I need complete tutorial link on fidic 1999 Please share with us

[@Metroun]

Maybe that's something you'll see soon then 👍😊

[@guruduttrao306]

Hi, Are you providing paid services for fidic course from basic to advanced level? Please suggest. Thanks.

[@Metroun]

Hello, not yet, but stay tuned and we may have something that will of use to you.

[@eshleyngomane9276]

Great video! Can you also make a video on the JBCC contract, if you're familiar with it? Thanks in advance 👍

[@Metroun]

Hey Eshley, We will definitely look into it. We know it's a contract that is mainly used in South Africa and we are based in the UK so unfortunately we are not familiar with it. That doesn't mean we won't research it and give you guys a "Jbcc Explained" video. Make sure you're subscribed and you may see a familiar titled video in the next few weeks 😏

[@amjadaliikram3560]

Sir I m facing an issue regarding interpretation of Latent Defects. Is the contractor responsible for rectifying Latent Defects after expiry of Defects Liability Period? Which clause of FIDDIC deals with Latent defects? Thank you. Regards, Engr. AMJAD ALI IKRAM, Pakistan

[@Metroun]

The expiry of the Defects Liability Period does not relieve the Contractor of further liability for defects. The Contractor remains liable to the Employer for any defects that may appear subsequently (commonly called ‘latent defects’) for the duration of the applicable statute of limitation.28 However, an important difference, from the Employer’s point of view, is that the Contractor’s responsibility to rectify latent defects is no longer secured by either the retention money or the performance security. As a consequence, unless the Contractor can be persuaded to rectify the defect voluntarily, the Employer would normally have to pursue the Contractor and/or its assets wherever they can be found in order to obtain relief. Please see link that may help www.fidic.org/sites/default/files/Fourth%20Commentary%2C%20ICC%20Bulletin%2C%20offprint.pdf

[@amjadaliikram3560]

Sir I am really honoured for the very detailed and comprehensive reply. Best regards, Engr. Col(Retd) Amjad Ali Ikram, MS(Engineering),MSc(PM),PE,PMP, CCM, ASQ-Cettified Quality Engineer & CSSGB,Fellow Institution of Engineers Pakistan.

[@Metroun]

No problem at all, we're always looking to help fellow construction professionals as much as possible!

[@amjadaliikram3560]

Good day sir, hope you are fine. I need clarifications as under:- 1. Can a contractor get Mob Advance on production of AA Rating Insurance Certificate? 2. Is it possible to open the tenders on the basis of Insurance Guarantee instead of Bid Security? Best regards . Engr. Amjad Ali Ikram

[@Metroun]

As per the FIDIC contracts, the contractor is entitled to a mobilization advance after providing proof of a performance security or guarantee. However, whether or not the contractor can receive a mobilization advance upon production of an AA rating insurance certificate would depend on the specific terms and conditions of the contract between the contractor and the employer. It is recommended that you refer to the contract and seek legal advice to understand the specific terms and conditions related to mobilization advance in your contract. It is generally required that bidders provide a bid security, which is typically in the form of a bank guarantee or a bond. However, the specific terms and conditions related to the bid security requirement may vary depending on the particular FIDIC contract being used. In certain cases, it may be possible for bidders to offer alternative forms of security, such as an insurance guarantee. However, this would need to be agreed upon and specified in the tender documents, and the employer would need to be satisfied that the proposed security is adequate and suitable for the project. It is recommended that you refer to the specific terms and conditions of your FIDIC contract and seek legal advice to understand the requirements related to bid security or alternative forms of security.

[@Mamun-bn4wl]

Great. today I watched your video and learn many things. Do you recommend me a Quality University and low cost for MSc Quantity Surveying and Contract Management Course?

[@Metroun]

Hello! We're glad you enjoyed our video. We do have a video that may be useful. Take a look kzbin.info/www/bejne/iprPhXtmrq9prtE

[@khaledhassan8304]

fidic 1987 fourth addition didn't mention,?

[@Metroun]

This is a brief overview of FIDIC contracts. Each contract will be detailed separately. Both the Yellow and Red book have videos in our library.

[@chrispenmuzondo5963]

Where is it written that Fidic contracts are immeasurable contracts

[@Metroun]

The Red and Pink Books are remeasurement contracts, whereas the Yellow, Silver and Gold Books are lump sum fixed price contracts.

[@nestorguarachibarreto7214]

Porque no en español 😢

[@Metroun]

Lamentablemente no hablamos español. Los subtítulos deberían traducirse al español si eso es útil. Gracias por ver