News Around the Asia Pacific
FIDIC OFFICIAL CONTRACT USERS CONFERENCE 2021
The second day of the FIDIC Contract Users’ Conference focused on clients’ experiences together with the Multilateral development’s banks and their use of FIDIC contracts across the Asian and Australasia region.
IFAWPCA Vice Chairman for the Conditions of Contract Committee participated as one of the speakers in Session 3 reviewed a number of case studies in the employers’ and contractors’ use of FIDIC contracts across the region.
Mr. Olive Wee gave an overview of the use of FIDIC contracts in Asia. He highlighted the standard form of contracts available in Malaysia and also in the FIDIC contracts used in IFAWPCA member countries. He said that the FIDIC form was often amended as there was no full understanding in the local industry of the contracts.
He also refers to disputes and the rising number of cases in the courts, Mr. Wee said that legal battles always lead to a long and painful journey and need to be avoided. He suggested the extensive use of BIM as it does not help in saving time and money and makes life easy for the employer, contractor, and consultant. He also added that it is also necessary to put some real-time limits for the arbitration process; if at all one has to follow on the failure of others' mechanism of resolving disputes, to avoid endless prolongation.
To watch the full event of the FIDIC Contract Users’ Conference, please visit the FIDIC YouTube channel. Link here, https://www.youtube.com/c/FIDICMedia/featured
About FIDIC
FIDIC, the International Federation of Consulting Engineers, is the global representative body for national associations of consulting engineers and represents over one million engineering professionals and 40,000 firms in more than 100 countries worldwide. END…
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INTERNATIONAL FEDERATION OF ASIAN AND WESTERN
PACIFIC CONTRACTORS' ASSOCIATIONS (IFAWPCA)
INTERNATIONAL FEDERATION OF ASIAN AND WESTERN PACIFIC CONTRACTORS' ASSOCIATIONS (IFAWPCA)
IFAWPCA groups together the fraternity of builders from nineteen (19) member countries in the Asia and Western Pacific region. A dynamic international organization, IFAWPCA plays a critical role in promoting international fellowship and cooperation; in developing beneficial relationships between governments and contractors in the region, and in establishing cooperative working arrangements in the furtherance of civil and building construction projects.
