This session explores pricing and payment provisions under FIDIC contracts, including how contract pricing is established, managed, and adjusted throughout the project lifecycle. It will examine challenges such as abnormally low tenders, the development of new rates for varied works, and how payment mechanisms interact with both contract terms and applicable law.  

Key Topics:  

• Pricing and payment provisions in FIDIC contracts  
• Abnormally low tenders – anomalies in contract pricing  
• Payment mechanisms and certification processes  
• Price adjustment and cost fluctuation provisions  
• New rates for additional or varied works  
• Interaction with applicable laws