👉FIDIC Contracts Explained… The Color Codes in 1 Minute!
💫FIDIC contracts are the global standard in construction projects, and each color serves a different purpose:
1️⃣ Red Book
• For traditional projects where the Employer designs and the Contractor builds.
2️⃣ Yellow Book
• For Design & Build projects where the Contractor handles both design and execution.
3️⃣ Silver Book
• For Turnkey projects, where the Contractor bears most of the risk.
4️⃣ Green Book
• For small, simple, and short-term projects.
Choosing the right FIDIC contract from the start saves time, effort, and reduces future disputes!
@etconp