Understanding the FIDIC Blue Book (2016 Edition): A Comprehensive Guide to Dredging and Reclamation Contracts
The development process involved extensive input from industry practitioners. Following a meeting in 2011 with IADC's Legal Committee (comprised of company lawyers from IADC members), a decision was made to improve the Blue Book by making it more specialized and suited for dredging and reclamation. FIDIC established Task Group 7 (TG7) to consider the improvements, and ten years after the first edition, the updated version was released.
Suitable for all types of dredging projects, regardless of size or complexity. Key Updates in the 2016 Second Edition
: All "Defined Risks" are grouped together under Sub-Clause 6.1 to provide a clear overview of the risk profile between the Employer and the Contractor. fidic blue book 2016 pdf
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Instructions on how to customize the contract for specific regional laws or project needs. Understanding the FIDIC Blue Book (2016 Edition): A
To understand the Blue Book's role, it's helpful to see how it fits into the broader FIDIC "Rainbow Suite." While the Red, Yellow, and Silver books are general construction contracts, the Blue Book is a specialized form for dredging and reclamation.
Most users of the Blue Book are also familiar with the remainder of the FIDIC Rainbow Suite of Contracts. Recognizing this, the second edition was designed to align more closely with the standard structure and risk allocation approach found across FIDIC contracts.
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The "Notes for Guidance" now include detailed explanations of the insurance coverage to help employers make informed decisions. One aim was to avoid parties insuring the same risk twice. It is always more cost-effective for a project if an event is covered by one policy only, with the premium being paid by the party best placed to insure that specific risk.
The second edition represents a significant refinement over the first. Its key features include: