FIDIC Standard Form of 

Contracts

y FIDIC New Red Book

y FIDIC New Yellow Book
y FIDIC Green Book
y FIDIC Silver Book
y FIDIC Orange Book
y FIDIC New White Book
 The New Red Book
e e ed oo
y The
Th Cli
Clientt carries
i outt allll the
th engineering
i i services
i and
d
copes with the risks.
y The Consultant is responsible for the management and
supervision.
supervision
y Checking and supervision of the design and Works,
approval of those or rejection are Consultant's
responsibilities
y The Contractor is paid per production and based on unit
prices, risk of cost overrun is the risk of the Client.
y During the implementation of the Works detailed tests are
performed Us
performed. Usually
all tests are simpler dduring
ring the Hando
Handover
er
Period and Start-up.
y Disputes are caused are due to unexpected extra Works
and increase of Cost.
y There is usually a cost overrun
y Consultant works as a daily Arbitrator.
 The New Yellow Book
The New Yellow Book
y The Contractor carries out all the detail engineering services
services.
y The Contract deals not with "HOW TO DO" but with "WHAT TO
DO"
y The main document is the "Employers Requirements" and
explains what performance and quality is expected.
expected
y The Contractor takes most of the risks including the overrun in
quantity and cost.
y The Client may hold the authority to approve the design.
y Management and supervision of the contract is carried out by
the Consultant.
y Checking and supervision of the design and Works, approval of
those or rejection are Consultant's responsibilities
y The Contractor is paid on a calendar basis at on some
milestones.
y During the implementation of the Works simpler tests are
performed. Usually tests are more complicated during the
Handover Period and Start-up.p
y Disputes are caused are due to different interpretation of the
"Employer's Requirements"
y Consultant works as a daily Arbitrator.
 The Silver Book
The Silver Book
y Th
The contractor
t t is i the
th designer
d i
y The main document is the Client requisition and it defines the
products.
y The contractor is the complete risk taker for the cost and price
increases.
y All the work is done on turn key basis by the contractor.
y Design authorization is not necessary
necessary.
y Consultant is not needed. The Contractor has the control.
y The payment is made according to the calendar or per product.
y Tests are not carried out during work. The tests carried out for
the products are highly detailed.
y Problems appear
pp at the end of the work.
y Conflicts are mostly solved by arbitration. 
 The Green Book
The Green Book 
y Cli
Client's
t' Representative
R t ti replace
l the
th Consultant
C lt t
y Design may be carried out by the Client or the
Contractor.
y W k may be
Work b iimplemented
l t d and
d paid
id on unit
it price
i or
lump sum
y The design made by the Contractor may be
approved by the Client or by the Client's
Client s
Representative.
y The Client has the right to supervise the design and
the Works.
y Quality assurance is in Contractor's responsibility.
y Cost overrun may occur due to poor cost
monitoring.
y Whoever is liable for the design is also take the risk
of quantity and cost overrun.
 WHICH BOOK ?
Is it a straightforward and Is there anyy risk on
simple
i l project?j t? no design or process? no
yes

yes Are the market

Fixed price – turn key and the
Restricted client unprecedented
contribution risks
i k hi
high?
h?
High market risks yes no

DETAILED no
EXAMINATION
Correct according to
Client`s
Client s requisitions
and then create a
modified contract