Contracts for dredging and offshore works are diverse. Moreover, increasing financial and/or managerial constraints require contracting parties to change the apportionment of commercial risk. Contractors and suppliers have to adapt to contracts that are chosen unilaterally by the owner. Turnkey and engineering, procurement, and construction (EPC) contracts are becoming more common in the industry and bring their own benefits and challenges.
In 1999, FIDIC published new standard forms of contract but this new work did not meet the specific needs of dredging and reclamation work. IADC contacted FIDIC about the possibility of a separate FIDIC dredging contract. A Task Group was formed and produced the FIDIC Form of Contract for Dredging and Reclamation Works. Since then, the Legal Committee has periodically helped to update the FIDIC document for dredging.
The webinar will focus on the benefits of using the FIDIC Blue Book, the only standard international form of contract designed specifically for the dredging industry.
In 2006, FIDIC published a specialised contract for dredging and reclamation activities – the FIDIC Form of Contract for Dredging and Reclamation Works. Ten years later, the second edition of this book has been released with updates to better reflect actual practice and to increase usage of the book.
Commonly referred to as the FIDIC Blue Book, the second edition of the FIDIC Form of Contract for Dredging and Reclamation Works is an update which better reflects actual practice than the first book