The following Construction guidance note provides comprehensive and up to date legal information covering:
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
The certificate issued by the Engineer under a FIDIC contract (by the Employer in the Silver Book) which certifies that the Works (or a Section) have been completed to the extent required under the contract and the date that this was achieved (similar to a certificate of practical completion in JCT contracts). See Practice Notes: FIDIC contracts 2017—time and FIDIC contracts (pre-2017 editions)—time.
The recording of dimensions taken from drawings or schedules. The first stage in preparing bills of quantities.
A type of cost reimburseable contract under which the contractor is paid the ‘actual cost’ it incurs in carrying out the works, but is subject to a target cost which is agreed by the parties at the beginning of the project. At the end of the project, the parties apply a mechanism/formula to calculate whether savings were made or whether costs overran—the contractor will then either share the savings with the employer or contribute towards the overspend. See Practice Notes: Target cost contracts on construction projects and Pricing structures in construction contracts.
See Technology and Construction Court below.
The Technology and Construction
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