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Types, characteristics and features of model FIDIC contracts

https://doi.org/10.24833/2073-8420-2021-4-61-51-56

Abstract

Introduction. The article examines the types of standard FIDIC contracts, as the most commonly applicable standard forms of a construction contract, analyzes the features of each type of FIDIC contract, the history and reasons for the emergence and use of new standard forms of contracts.

Materials and methods. The implementation of research tasks was achieved on the basis of studying the theoretical and practical experience of foreign countries in the application of standard FIDIC construction contracts, the history of FIDIC contracts, their features. The methodological basis of the research was formed by the method of system-structural analysis.

The results of the study. The article discusses the forms of FIDIC construction contracts, their features, the reasons for their emergence and distribution in international construction.

Discussion and conclusions. The study showed that FIDIC model contracts are an effective universal mechanism for regulating legal relations arising from international construction projects and allow minimizing the impact of local legislation on international construction projects in which residents of different states can take part.

About the Authors

A. N. Kirsanov
Peoples' Friendship University of Russia
Russian Federation

Alexey N. Kirsanov, PhD in Law, Associate Professor, Department of Civil Law and Procedure and International Private Law



A. V. Korablin
Peoples' Friendship University of Russia
Russian Federation

Alexander V. Korablin, Graduate student of the Department of Civil Law and Procedure and International Private Law



References

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For citations:


Kirsanov A.N., Korablin A.V. Types, characteristics and features of model FIDIC contracts. Journal of Law and Administration. 2021;17(4):51-56. (In Russ.) https://doi.org/10.24833/2073-8420-2021-4-61-51-56

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ISSN 2073-8420 (Print)
ISSN 2587-5736 (Online)