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Escalation In Cost Under Fidic 1999 Red Book

Defamation Law Discussion Forum

Escalation In Cost Under Fidic 1999 Red Book

Postby Cheveyo » Wed Nov 30, 2016 5:57 am

In an ongoing FIDIC Contract, sub-clause 13.8 is deemed not applicable and completely deleted. It was however, specifically agreed that should the time for completion of the project be delayed by any reason for which the Contractor is entitled to an Extension of Time, the Contract Price shall be adjusted to compensate the Contractor for escalation in cost by paying the sum of $20,000/day for the total extended days. Is it Contractually right for the Contractor to now claim for(i) Price Fluctuations(ii) Standing time for Labour(iii) Delayed start time(iv)Escalation Cost for preliminaries
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Escalation In Cost Under Fidic 1999 Red Book

Postby Waite » Sun Dec 04, 2016 12:14 am

In an ongoing FIDIC Contract, sub-clause 13.8 is deemed not applicable and completely deleted. It was however, specifically agreed that should the time for completion of the project be delayed by any reason for which the Contractor is entitled to an Extension of Time, the Contract Price shall be adjusted to compensate the Contractor for escalation in cost by paying the sum of $20,000/day for the total extended days. Is it Contractually right for the Contractor to now claim for(i) Price Fluctuations(ii) Standing time for Labour(iii) Delayed start time(iv)Escalation Cost for preliminaries
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Escalation In Cost Under Fidic 1999 Red Book

Postby Milbyrne » Sun Dec 04, 2016 9:12 am

Hi, Thank you for your question.

the fairest thing under the circumstances is to look for the basis or the working for the break up of US dollar 20,000 per day compensation to see what exact items this rate compensates for. if not available, im afraid it is not fair for the Contractor to claim on account of four factors mentioned in your question.

Best Regards,

Liaqat Hayat
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