Open Opportunities’ Post

IChemE Blue Book: The Advantages of EPCM Contracting. As the first standard form contract designed for EPCM contracting, the Blue Book addresses a long-standing challenge and is significant for sales in the construction industry. More in our article - https://zurl.co/ayYN

I was pleased to be asked to explore the value of fixed-price EPC contracts for Construction News readers – here’s my article, published this week.    For a long time, the viability of fixed-price EPC contracts has been a topic of much debate, including at the most recent International Construction Projects group at the 2023 International Bar Association conference in Paris.    While this form of contract does have benefits including lower costs, conflict avoidance, and innovation, without careful planning and advice from experienced lawyers, the results expected of this contract can often fail to materialise in reality.    To find out how to make the most of your fixed-price EPC contract, read my article in full using the link below:  https://lnkd.in/edtYF-MB

FIDIC Conditions of Contract : The Conditions, produced by the International Federation of Consulting Engineers, are intended for use internationally. They are broadly based upon the ICE Conditions. In 1998 FIDIC updated its series of colour-coded contracts: — FIDIC Conditions of Contract for Construction (red). — FIDIC Conditions of Contract for Plant and Design and Build (gold). — FIDIC Conditions of Contract for EPC Turnkey Projects (silver). — FIDIC Short Form of Contract (green).

The Construction Industry Collective Voice (CICV) has published their latest panel discussion, 'Effective Contract Management in Construction' which includes contributions from our own Ian Honeyman The discussion is based on the CICV's Best Practice Guide for Managing Building Contracts which can be accessed here: https://lnkd.in/eci-n8Hu Watch the full panel discussion or explore specific segments to gain insights relevant to your needs here: https://lnkd.in/e9BUh-zC

It was interesting to learn more about CDM Regs and responsibilities with in the construction industry and projects 🤓

🏗️ Keep construction costs in check with Reltic Construction Cost Management! From accurate estimates to post-project analysis, we've got you covered. Learn more at www.relticcc.co.uk #CostControl #ConstructionManagement 🚀

FIDIC provides standard forms of contracts, guidelines and best practices for the construction and engineering industry. These standard forms known as FIDIC contracts, are widely used in construction project globally to establish the rights and obligations of the parties involved. FIDIC contracts are recognized for their fairness and balance in allocating risks between the client and the contractor. FIDIC has developed several standard contrats that are widely used in thr construction industry. Some of the most commonly known FIDIC contracts: •FIDIC RED BOOK: Conditions of Contract for Construction •FIDIC YELLOW BOOK: Conditions of Contract for Plant and Design-Build •FIDIC SILVER BOOK: Conditions of Contract for EPC/Turnkey Projects •FIDIC GREEN BOOK: Short Form of Contract- simplified version of the Red Book •FIDIC GOLD BOOK: Conditions of Contract for Design, Build and Operate Projects •FIDIC WHITE BOOK: Client/Consultant Model Services Agreement •FIDIC BLUE BOOK: Form of Contract for Dredging and Reclamation Works •FIDIC PINK BOOK: Conditions of Contract for Construction -designed by Employer •FIDIC ORANGE BOOK: Conditions of Contract for Design-Build and Turnkey and FIDIC SUBCONTRACTS: Conditions of Subcontract for Construction These are just examples of the FIDIC contracts. Each contract has its own specific conditions and provisions tailored for different types of construction projects. #FIDIC

Introduction To The FIDIC Contracts (1999 Edition) * The principal Events During Contract for Construction

In the Egan report on “rethinking construction”, the expert suggested that long term relationship and alliances are fundamental to improvement of quality and efficiency in construction industry.

Join our CPD webinar focused on the role, types and importance of Temporary Works in the construction industry