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What is a red book contract?

The Red Book is a lump sum contract suitable for use in a wide range of industries, particularly those where a high technical input is required in design and construction and where a proven system or service is required for the completed project.

What is an IChemE contract?

The IChemE Forms of Contract are drafted as performance-based contracts for the design and construction of a process plant and other output-based projects. They specifically address the liabilities and testing regimes appropriate for a performance plant, and are used extensively across a range of process industries.

What is the Red Book lump sum contract?

The Red Book is a lump sum contract suitable for use in a wide range of industries, particularly those where a high technical input is required in design and construction and where a proven system or service is required for the completed project.

What is fidic or IChemE?

Ground conditions. Under FIDIC, the contractor takes responsibility for all ground risk, whereas, under IChemE, the purchaser only bears the risk of ground conditions that are not reasonably foreseeable. Management. The employers representative under FIDIC acts solely in the interests of the employer.

What is an engineer to the contract?

Professional engineers often fulfil the role of the engineer to the contract under a construction contract. As the engineer your role may include supervising the work, docHubing payment, deciding extension of time claims, variations, and related matters.

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What is the Red Book form of contract?

The Red Book provides conditions of contract for construction works where the design is carried out by the Employer. The current Red Book bears little resemblance to its predecessors. Earlier versions of the Red Book were drafted for use on civil engineering projects.

What does an engineering contract contain?

An engineering contract should outline when payments will be received, from whom, and how much, as well as instructions for invoicing. Some projects with a longer time span will be paid in installments at preset milestones in the progress of the project.

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