FIDIC: it’s just like Des Lynam — the importance of the right contract wording
By Stuart Thompson
Think about engineering projects you have worked on that have ended badly. These may be projects that have cost you money, projects that may have overrun or ended up in an old-fashioned school yard scrap. Why did they end badly?
One reason may have been that the contract used the wrong words: words that were unclear; words that were unfamiliar to the parties; or words that were not relevant for your engineering project. This is where the FIDIC suite of contracts beats the other standard forms of engineering contract hands down. FIDIC uses the right words for all types of engineering projects. Because it’s just like Des Lynam.
FIDIC, like Des, enjoys a great heritage. FIDIC, like Des, is respected around the world; measured, clear, reasoned and logical; something that you can rely on in a crisis; and an excellent all-rounder. Other standard engineering forms of contract do not enjoy these qualities…
Click on the link below to read the rest of the Mills & Reeve briefing.
News from The Lawyer
Analysis from The Lawyer
The trend for unbundling legal work is advancing through the law firm ranks but there is still resistance in some quarters - namely in-house. We asked why