- a FIDIC Contracts series webinar 

This webinar will look at the updated FIDIC short form of Contract, the FIDIC Green Book 2021. The updated Green Book meets the current demand of the international construction industry for projects where the perceived level of risk is low and/or where construction parties need a contract form that is simple to use and doesn’t require significant contract administration and management resources. 

The Green Book 2nd Edition continues FIDIC’s key principles of balanced risk sharing while seeking to build on the substantial experience gained from the original Green Book’s use over the past 22 years. The updated contract captures the essential rights and obligations of the parties and is used as an alternative to the 2017 Red and Yellow Books, resulting in FIDIC providing for a fully-fledged range of contract solutions to meet different project specificities.  

The Green Book also includes some brand-new features such as the prolongation cost (PGC) mechanism, a tabulated summary of contractor’s entitlement for employer’s risks, the use of an insurance certificate to be signed by an insurer or broker, user-friendly flow charts and 40 communication forms provided as guidance for practitioners. Speakers at his webinar will discuss the new features of the book and its potential application in the market. 

Find out more by booking your free place at this webinar on Tuesday 27 September 2022 at 12 noon CET.