What is Cost Planning ?

FIDIC Contracts are internationally recognized standard forms of construction and engineering contracts developed by the International Federation of Consulting Engineers (FIDIC). Widely used across infrastructure, building, energy, and transportation projects, FIDIC contracts provide a balanced contractual framework that defines the rights, responsibilities, and obligations of employers, contractors, and engineers. These contracts are designed to promote fairness, clarity, and efficient project execution while minimizing disputes and risks.

FIDIC offers various contract forms, including the Red Book, Yellow Book, Silver Book, and Green Book, each tailored to specific project types and procurement methods. The contracts cover key aspects such as payment procedures, variations, claims, delays, dispute resolution, and risk allocation. Due to their international acceptance and structured approach, FIDIC contracts are extensively adopted by governments, multinational organizations, consultants, and contractors worldwide. They serve as an essential tool for effective contract administration and successful project delivery in the global construction industry.

Cost Management / Cost Planning