Use and misuse of FIDIC forms of contract in Central and Eastern Europe the worrying trend of Silver Book provisions in public works contracts [electronic resource]
Language: English Publication details: [S.l.] [s.n.] 2012Subject(s): Online resources: Summary: Discusses the challenge faced by international contractors in certain Central and Eastern European (CEE) countries where employers have managed to impose in public works contracts - largely financed by the EU - very onerous provisions for the contractor which radically change the allocation of risks established by the General Conditions of Contract. This article highlights some of the significant differences between the Yellow Book and the Silver Book, the provisions or principles of the Silver Book that are now being commonly adopted in public work contracts in certain CEE countries, and the additional risks that are as a result transferred to the contractor, thus effectively removing FIDIC's traditional principles of balanced risk sharing.| Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 156657-2001 |
Discusses the challenge faced by international contractors in certain Central and Eastern European (CEE) countries where employers have managed to impose in public works contracts - largely financed by the EU - very onerous provisions for the contractor which radically change the allocation of risks established by the General Conditions of Contract. This article highlights some of the significant differences between the Yellow Book and the Silver Book, the provisions or principles of the Silver Book that are now being commonly adopted in public work contracts in certain CEE countries, and the additional risks that are as a result transferred to the contractor, thus effectively removing FIDIC's traditional principles of balanced risk sharing.