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Part IV International Business Law, XXVI International Building and Construction Contracts

From: Principles of International Economic Law (1st Edition)

Matthias Herdegen

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From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 27 November 2020

Subject(s):
Development
An important area of international business refers to international construction contracts.1 These contracts belong to the category of long-term contracts which are particularly sensitive to unforeseen developments.2 The FIDIC (Federation Internationale des Ingenieurs-Conseils), the International Association of Consulting Engineers has adopted various sets of standard terms (contract-types of manuals) which international usage incorporates into the contracts. The parties in a FIDIC contract are FIDIC contract terms govern issues like status and functions of the...
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