Vesting refers to a situation where materials or equipment supplied by the Contractor become the Employer’s property. This mechanism protects the Employer in critical cases—such as contractor insolvency, bankruptcy, or material misuse. Let’s look at a simple example: A Contractor…
Claims in construction projects are a crucial tool for recovering costs, losses, or damages incurred by one party due to the actions or inactions of the other. Construction claims can involve delays, disruptions, variations, or contract breaches, and navigating them…
The well-known event sequence chart in FIDIC 1999 and 2017 forms includes the Base Date, which is defined as 28 days before the final tender submission date. This same definition appears in Sub-Clause 1.1.3.1 (FIDIC 1999) and Sub-Clause 1.1.4 (FIDIC…