Fidic Short Form Of Contract 2021 Pdf Info

The 2021 Short Form is a major upgrade from the 1999 version. Here is what changed:

1. No "Engineer" Role Unlike the Red Book, you don't need a third-party consultant to act as a referee. The Employer and Contractor deal directly. If they disagree, they go straight to a Dispute Adjudicator (DA). fidic short form of contract 2021 pdf

2. Payment is Simple There are no complex measurement certificates. The Contractor submits invoices, and the Employer pays. If the Employer doesn't pay, interest accrues immediately. The 2021 Short Form is a major upgrade from the 1999 version

3. Time is Flexible If you don't have a strict completion date, you can agree on "rate of progress" clauses. If a delay happens due to COVID-19, supply chains, or weather, the contractor gets an extension of time. The Employer and Contractor deal directly

4. Balanced Risk The 1999 version was often criticized for being too Employer-friendly. The 2021 version balances the scales. For example, if the Employer provides wrong site data, they pay for the delay.

These 15 clauses form the core legal framework:

This is the fixed, unchangeable text provided by FIDIC. The 2021 version contains 16 clauses (down from 20+ in larger forms):