Harmonisation and FIDIC Contracts

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Harmonisation and FIDIC Contracts
BIMILACI 2003 IDB, Washington DC 15 - 16 May

• Daniel Ivarsson
• Managing Director

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Advantages of Harmonisation

• Enhanced competition
• Reduced delays
• Lower transaction costs
• Reduced risk and uncertainty
• Improved transparency
• - timely, orderly, efficient and effective
• project preparation and implementation
• Full FIDIC support

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Importance of FIDIC Contracts

• Commonality same conditions worldwide
• Coherence Bank and non-Bank projects
• Continuity past, present, future use
• Complementarity match Bank procedures
• Range Short Form Construction Plant
  Design-Build EPC/Turnkey Dredging
• Availability
• Recognition
• Acceptance

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FIDIC Pipeline

• Design/Build/Operate
• Tendering procedures
• Training materials
• Review and updating
• New project delivery systems

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Authentic Texts

• Security for parties
• Reduced risks, delays, claims, costs
• Security for Banks
• Reduced review efforts
• Respect for intellectual property
• General Conditions locked up
• Variable items flexible until agreed
• User friendly authenticity management

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Next Steps

• One step at a time
• Follow Bank timetable
• Conditions of Contract for Construction
• Review suggested modifications
• Finalise and agree joint approach
• Sort out financial consideration
• Present and discuss
• Approve and promulgate