Risk allocation in the FIDIC Conditions of Contract (1999 & 2017) for Construction (Red Book) and the FIDIC Conditions of Contract (1999&2017) for EPC / Turnkey Projects (Silver Book) from the perspective of a German lawyer

by | 15. March 2018 | Commercial Law

The construction business involves mid-term and long-term commitments. Such contracts establish a temporary “community of fate”, because the contract will be binding on the parties whatever happens after the contract was signed. In other words, the maxim...