L&T Construction Manager - Contracts Interview Questions and Answers

FIDIC defines Employer, Engineer and Contractor in construction contracts.

• Employer: The party who engages the Contractor to carry out the works.

• Engineer: The party appointed by the Employer to supervise the works and administer the contract.

• Contractor: The party who undertakes to carry out the works in accordance with the contract.

• FIDIC stands for International Federation of Consulting Engineers.

• FIDIC contracts are wid...read more

FIDIC Red Book is for construction works while Yellow Book is for plant and design-build projects.

• Red Book is for construction works while Yellow Book is for plant and design-build projects.

• Red Book has more detailed provisions for construction works than Yellow Book.

• Yellow Book has more flexibility in design and construction than Red Book.

• Red Book has a higher emphasis on quality control and assurance than Yellow Book...read more

Explanation of variation clause, price variation, value engineering, suspension as per FIDIC.

• Variation clause allows for changes in the scope of work.

• Price variation allows for adjustments in contract price due to changes in market conditions.

• Value engineering is a process of optimizing the value of the project by reducing costs while maintaining quality.

• Suspension allows for temporary cessation of work due to unforese...read more

Price variation clause is required in contract to account for changes in market conditions and prevent financial loss.

• Protects both parties from financial loss due to unforeseen circumstances

• Allows for adjustments to be made to the contract price based on changes in market conditions

• Helps to ensure that the contract remains fair and equitable for both parties

• Commonly used in long-term contracts where market conditions ...read more