The Importance of FIDIC Contracts

The Importance of FIDIC Contracts

1. Standardizing legal transactions between countries.

2. The coherence and integration of the contract clauses.

3. Clarity of texts and simplification of the language in which the terms of the contract are written.

4. Extreme flexibility and adaptability of FIDIC contract models.

5. Continuous updating, treatment of new matters and accumulation of experiences.

6. The balance and equitable distribution of risks between the two contracting parties.

7. Accreditation of major international institutions for FIDIC contracts.