The World Bank Form of Contract

Peter Scott Caldwell

March 2009

A paper presented to the SCL International Conference held in London, 6th-7th October 2008

Peter Scott Caldwell looks at FIDIC's Conditions of Contract for Construction for Building and Engineering Works designed by the Employer, Multilateral Development Bank harmonised edition, published in March 2006 (which is based on FIDIC's 1999 Red Book). The paper looks at some of the more important features and some of the more unusual clauses, considering both the differences from the Red Book and the first, March 2005 edition, where appropriate.

Introduction - The Borrower and the Bank - The role of the Engineer - Commencement, completion and delay - Measurement, payment, sureties etc - Risk and responsibility - Miscellaneous other provisions - Dispute resolution provisions - Conclusions.

The author: Peter Scott Caldwell CIArb, FICE is a mediator, adjudicator, arbitrator and dispute resolution board member; he was Secretary-General of the Hong Kong International Arbitration Centre from 1990-1998 and is currently chairman of the Society of Construction Law Hong Kong.

Text: 17 pages
PDF file size: 162k