International Construction Law

Which of the FIDIC books is an example of BUILD-ONLY contracts?

• Blue Book

• Silver Book

• Yellow Book

• Red Book

Which of the FIDIC books is an example of DESIGN AND BUILD contracts?

• Blue Book

• Silver Book

• Yellow Book

• Red Book

Which of the FIDIC books is an example of TURNKEY contracts?

• Blue Book

• Silver Book

• Yellow Book

• Red Book

Particular Conditions of FIDIC contracts shall prevail over General Conditions

• True

• False

General Conditions of FIDIC Contracts can be changed by the parties to contract

• True

• False

These conditions contain most of the contract provisions and the rights and obligations of the parties and the distribution of risks

What indicates the different stages of work, the timing of the beginning of the stages and their completion, the sequence, the relationship between the works?

This payment method involves paying the contractor its actual costs, reasonably and properly incurred, plus a profit fee.

• Lump Sum

• Target Cost

• Cost Plus

• Provisional Lump Sum

• Unit Price or Measured Works

This payment method entitles the contractor to a pre-agreed contract sum regardless of actual costs incurred, subject only to adjustment for variations to the works and in a limited number of other circumstances.

• Lump Sum

• Target Cost

• Cost Plus

• Provisional Lump Sum

• Unit Price or Measured Works

In this payment method, the price of the project is calculated per task in accordance with a bill of quantities..

• Lump Sum

• Target Cost

• Cost Plus

• Provisional Lump Sum

• Unit Price or Measured Works