The Yellow Book was published for the first time in 1963, with subsequent revisions. The Contractor is usually paid on a lump sum basis.
The Yellow Book is also known as a Plant and Design-Build contract. The second type of FIDIC Contract, the so-called FIDIC Yellow Book, is a standard contract where the design is carried out by the Contractor. The 2010 Pink Book replaced earlier editions from 20. The so called Multilateral Development Bank (“MDB”) Pink Book, is essentially an amendment to the Red Book published in 2005, developed to be used for development projects funded by the Bank. The Red Book has significantly evolved since its first published edition in 1957. The accepted Contract Amount is based on estimated quantities. The Contractor is paid on a measurement basis for the actual quantities of work performed. This explains the many common law features of the FIDIC Suite of Contracts, at times greeted with scepticism by civil lawyers.The FIDIC Red Book is the standard, and most commonly used, construction contract form in all projects where the design is provided by the Employer, following the traditional procurement route of Design, Bid and Build. The first version of the FIDIC Red Book Contract was based on a domestic contract which was itself developed based on the ICE Conditions of Contract published by the Institution of Civil Engineers. The first standard form of FIDIC construction contract, known as the Red Book, first edition, was published in 1957. Today, FIDIC is the largest international global representative body formed of national associations of consulting engineers, who come from more than 100 countries worldwide. The Fédération Internationale Des Ingénieurs-Conseils, more commonly known as FIDIC, was formed in 1913, in Belgium. Standard FIDIC contracts are frequently used in both large and small construction projects, and they are suitable for parties of different nationalities, speaking different languages and coming from different jurisdictions. A final section provides a concise practical guide to the use of the FIDIC Conditions, and a summary of special provisions discussed in Part 2.ĭrawing on the author’s 30 years’ experience with the FIDIC Conditions of Contract, this accessible guide to the FIDIC Yellow Book provides an ideal introduction for first-time users of the FIDIC Conditions of Contract and will also serve as a very useful handbook and practical commentary for more experienced users.FIDIC contracts are the most commonly used standard form of international construction contracts in the world today. Chapters in Part 2 provide a brief introduction to each of the Clauses and Sub-Clauses in the Yellow Book, and explain how they are interlinked. Opening chapters provide an introduction to international construction contracts, including the entire FIDIC suite of contracts, and there is also a list of definitions of key terms. Designed as a companion for both the first-time and also more experienced user, the book presents an accessible guide to the 21 clauses of the 2017 FIDIC Conditions of Contract, using the Conditions of Contract for Plant & Design Build (Yellow Book) as a basis.
FIDIC Yellow Book is a guide for anyone involved in preparing, administering, or contributing to the FIDIC suite of contracts, 2017 edition.