FIDIC contracts—introduction to the Silver Book 2017

Produced in partnership with Victoria Tyson of Corbett & Co

The following Construction practice note Produced in partnership with Victoria Tyson of Corbett & Co provides comprehensive and up to date legal information covering:

FIDIC contracts—introduction to the Silver Book 2017
What type of project is the Silver Book suitable for?
The structure of the contract
Key features of the general conditions
Commencement
Confidentiality
The Employer’s Representative
Unforeseen difficulties
Design
Extension of Time

More...

Employer’s Risks
Tests
Taking Over
Defects Liability
Variations and Adjustment
Payment and Price
Termination
Claims for Payment and Dispute Resolution

In December 2017, FIDIC launched the second editions of the Red, Yellow and Silver Book. This Practice Note is an introduction to the FIDIC Silver Book 2017 (FIDIC Conditions of Contract for EPC/Turnkey Projects).

For information about the FIDIC Silver Book 1999, see Practice Note: FIDIC contracts—introduction to the Silver Book 1999. See also Practice Notes: FIDIC contracts—introduction to the Red Book 2017 and FIDIC contracts—introduction to the Yellow Book 2017.

Note that errata to the second edition of the Silver Book were published in December 2018 (see News Analysis: Errata to FIDIC 2017 contracts published).

What type of project is the Silver Book suitable for?

The FIDIC Silver Book is essentially a turnkey contact. Under the usual arrangements for this type of contract, the Contractor carries out all the EPC providing a fully-equipped facility, ready for operation (at the ‘turn of the key’). Therefore, the Contractor takes on most of the project risk. The FIDIC Silver Book is not suitable for use where the Employer is carrying out the design; in this case, the FIDIC Red Book should be used instead. The Introduction to the Special Provisions states: ‘These Conditions allow for the possibility that the Employer may include (in the Employer’s Requirements) an outline design for the Works, but they are not intended for use where the Contractor is to construct the Works in accordance with

Navigate the law quickly and efficiently with Lexis^®PSL

Imagine being able to quickly find up-to-date guidance on points of law and then easily pull up sources to support your advice. With LexisPSL, you can.