FIDIC Silver Book

The FIDIC Silver Book is a standard contract used in large construction projects, primarily for turnkey agreements where the contractor is responsible for designing, financing, and building the project, and then handing it over ready for use. It clearly defines terms for payments, risk allocation, responsibilities, and delivery deadlines, emphasizing that the contractor assumes most risks relating to costs and delays. This contract aims to foster collaboration and clarity between the project owner and contractor, ensuring that the project is delivered efficiently and to agreed standards, with minimal disputes.