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☑ Understanding the FIDIC timeline is crucial for effective contract administration. It ensures timely notifications, claims, and responses, safeguarding project interests and maintaining contractual obligations. #ContractManagement #FIDIC #ConstructionLaw #ProjectManagement

See the differences between FIDIC 1999 and 2017 claims resolution procedures. #FIDIC #claims #contract #construction #ProjectManagement

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The core competency area to know

A contractor can encounter several significant problems if they do not properly claim for suspension. To avoid these problems, contractors must follow the proper procedures for claiming suspensions, including; ➤ Timely submissions ➤ Detailed documentation, and ➤ Adherence to contractual requirements Properly managing suspension claims; ➤ Helps protect the contractor's financial interests ➤ Ensures fair compensation ➤ Maintains project schedules, and ➤ Upholds professional relationships   Here's a detailed guide on handling contractor’s suspension-related claims according to the 1999 FIDIC Red Book. #fidic #contracts #constructionclaims #disputeresolution #claimsmanagement #constructionlaw #constructionarbitration #infrastructure #projectfinance #ppp #ppps #contractmanagent  

What are the differences between FIDIC 1999 and 2017 claims resolution procedures?

Why FIDIC Contracts? | Pragmatic Project Consilium #ppcvideos #ppcfidic ▸Essential clauses; detailed definitions; similar structure ▸Risk allocated to party best placed to control it ▸Drafted by consulting engineers; no employer-imposed conditions ▸Range covers most needs; readily adaptable to fit requirements ▸Positive FIDIC image; world-wide acceptance ▸Incorporates Adjudication (DAB) #Constructionclaims #constructioncontracts #contractsmanagement

Why FIDIC Contracts? | Pragmatic Project Consilium #ppcvideos #ppcfidic ▸Essential clauses; detailed definitions; similar structure ▸Risk allocated to party best placed to control it ▸Drafted by consulting engineers; no employer-imposed conditions ▸Range covers most needs; readily adaptable to fit requirements ▸Positive FIDIC image; world-wide acceptance ▸Incorporates Adjudication (DAB) #Constructionclaims #constructioncontracts #contractsmanagement

■■Understanding Contractor Entitlements to Cost + Profit in FIDIC Contracts In construction projects, especially under the FIDIC suite of contracts, clarity on risk allocation is key to managing disputes. □ Did you know? Under FIDIC contracts, a contractor is entitled to recover both costs and a reasonable profit, but only for events that are attributable to the Employer’s risk. These typically include consequences of the Employer's risks, unforeseen physical conditions, Employer-ordered variations, or delays caused by the Employer. This ensures fair compensation for the Contractor while maintaining a clear boundary of responsibilities between the Contractor and Employer. #ConstructionManagement #FIDIC #Contracts #QuantitySurveying #ConstructionLaw #RiskManagement #CommercialManager #ProjectManagement #ContractAdministration #DisputeResolution #ConstructionIndustry #ContractsManager #KSA #SurveyingProfession

FIDIC Module 4: Management & Administration of FIDIC Contracts