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FIDIC Prolongation Costs Formula

by Rechtsanwalt Dr. Götz-Sebastian Hök | 4. January 2022 | Allgemein, Commercial Law

According to Sub-Clauses 1.1.35 and 11.1.3 Green Book as integrated in the Contract Data, 2nd Edition, the Contractor shall be entitled to Prolongation Cost as follows, depending on the value of the Works (referred to as “V”), as certified under Sub-Clause 8.4.1,...

FIDIC Green Book Update 2021

by Rechtsanwalt Dr. Götz-Sebastian Hök | 3. January 2022 | Allgemein, Commercial Law

At the online FIDIC Users´ Conference 2021 FIDIC has launched the 2nd edition of the Short Form of Contract, better known as the FIDIC Green Book. The FIDIC Green Book (als referred to as the Short Form of Contract) was initially launched for repetitive and simple...

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