While the 1999 edition was generally recommended for projects valued under USD $500,000, the . It can now comfortably govern projects with higher financial values, provided the engineering complexity remains low. Key Features and Structural Changes
The 2021 edition introduces several structural and procedural changes that address modern construction dispute trends and project management needs. 1. Expanded Project Scope and Value
: To simplify delay claims, the 2021 edition introduces a "liquidated" approach to prolongation costs. Parties can agree on a set daily rate for overheads in the Contract Data, reducing the need for complex auditing during the project.
Unlike the heavy-duty Red or Yellow Books, the Green Book provides a slimmed-down contractual framework. It is suitable for both employer-designed and contractor-designed works. FIDIC explicitly removed the specific USD $500,000 ceiling from the 1999 edition, shifting the focus instead to the complexity and risk profile of the project rather than just its monetary value. Structural Design fidic short form of contract 2021 pdf
The Green Book 2021 achieves a sophisticated balance of risk, mirroring the larger FIDIC Rainbow Suite (Red, Yellow, and Silver books) but in a simplified format. It clearly delineates Employer risks and Contractor risks, reducing ambiguities that lead to litigation. 3. Prologated Cost and Extension of Time (EOT)
Appended to the General Conditions is the Form of Adjudicator's Agreement. The Green Book also provides flow charts, detailed Guidance Notes (which do not form part of the contract), and sample forms including Performance Security, Advance Payment Guarantee, Retention Money Guarantee, Payment Guarantee by Employer, and Insurance Certificate.
of the contract's start. This provides a faster, binding path to resolution compared to traditional arbitration. Simplified Claim Procedures While the 1999 edition was generally recommended for
Defines the commencement date, extension of time (EOT) procedures, and delay damages.
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Less administrative paperwork means lower management costs for both employers and contractors. Unlike the heavy-duty Red or Yellow Books, the
The 2021 edition adopts modern project management tools, including:
Now suitable for projects up to $10 million (or higher depending on complexity).