Dispelling FIDIC myths
- Author: Irina Onikienko
- Date: 02.12.2014
The Lawyer | 24 November 2014
By Irina Onikienko, Partner at Capital Legal Services
FIDIC forms are a convenient way to execute construction projects, as long as the Particular Conditions are appropriately adapted
Investment construction projects implemented using standard FIDIC forms (the Books) are becoming more common in Russia. However, a number of mechanisms provided by the Books are still unclear for many in Russia, since they are based on common law and, as a result, hold a different meaning and are inconsistent with Russian laws, or disregard the specifics of administrative procedures.
This article reviews only one procedure – the transfer and acceptance of the result of works performed. The procedure described by the Books differs from the procedure stipulated by Russian laws. In order to understand the difference, let us dispel a few common myths.