Event Date:September 21, 2011
As the world faces growing pressures from increased rates of urbanization, an estimated USD65B needs to be spent each year for next 5 years in East Asia and Pacific [6.2% of GDP] on electricity, roads, rail, water, sanitation and telecommunications. The successful completion of quality infrastructure projects in a timely and cost effective manner can only be achieved by using effective forms of contract and by engaging contractors with the required level of experience, expertise and resources.
Procurement strategies for infrastructure projects must be developed and managed to ensure thatpredictable outcomes can be achieved, wherever possible, in the challenging environments that typically occur with construction projects.
FIDIC conditions of contract have been used successfully throughout the world for many years and these documents have greatly assisted in providing greater certainty on many issues of risk under different forms of legal jurisdictions in many different countries and project environments, and the lessons from these experiences can provide significant benefits to projects in Thailand when the right conditions exist.
Explaining the use of FIDIC conditions of contract is a wide and complex topic, but the intent of this presentation is to briefly explain the context of when to use the more popular forms of the FIDIC conditions of contract, with a focus on explaining some aspects of managing time and design issues.