FIDIC stands for the International Federation of Consulting Engineers, which is an international organization that represents consulting engineering associations from around the world. FIDIC is renowned for its development and promotion of standard forms of contracts for the construction industry.
FIDIC contracts are widely used in international construction projects and provide a framework for the rights, responsibilities, and obligations of the parties involved, including the employer (client), the contractor, and the engineer. These contracts aim to establish fair and balanced conditions for all parties and to address common issues that arise during construction projects.
Some of the most well-known FIDIC contracts include: