How FIDIC works? What are different types of FIDIC contracts

Question

Accepted Answer

FIDIC is an international standard for construction contracts. There are different types of FIDIC contracts for different purposes.

FIDIC stands for International Federation of Consulting Engineers
FIDIC contracts are widely used in the construction industry worldwide
Different types of FIDIC contracts include Red Book, Yellow Book, Silver Book, and Green Book
Red Book is used for construction projects where the employer is responsible for design
Yellow Book is used for construction projects where the contractor is responsible for design
Silver Book is used for turnkey projects where the contractor is responsible for design and construction
Green Book is used for short-term construction projects

Top L&T Realty Assistant General Manager Contract interview questions & answers