FIDIC Contracts

FIDIC Contracts are standard agreements used in construction and engineering projects worldwide. Developed by the International Federation of Consulting Engineers (FIDIC), these contracts provide a framework for the rights and obligations of parties involved, such as employers and contractors. They help ensure clarity, fairness, and transparency in project execution. FIDIC contracts cover various aspects, including project scope, timelines, payments, and dispute resolution, making them widely respected for their thoroughness. By using these standardized contracts, stakeholders can better manage risks and expectations, promoting successful project completion.