Variations under FIDIC Red Book Contracts 1999 and 2017 скачать в хорошем качестве

Variations under FIDIC Red Book Contracts 1999 and 2017

Welcome to another essential episode from @cmguideorg! In the dynamic world of construction, changes are inevitable. Understanding and effectively managing Variations is critical for any project operating under FIDIC Red Book conditions. These changes, whether initiated by the Engineer or proposed by the Contractor, significantly impact project scope, time, and cost. Mastering the contractual procedures for instructing, assessing, and valuing variations is paramount to avoiding disputes and ensuring fair compensation. In this in-depth episode, we meticulously examine the mechanisms and principles governing Variations and Adjustments under both the FIDIC Red Book 1999 and the FIDIC Red Book 2017 editions. We'll break down the Engineer's power to instruct variations, the Contractor's responsibilities, and the comprehensive methods for assessing their impact on the Contract Price and Time for Completion. What you'll learn in this vital episode: Defining a Variation: Understand what constitutes a Variation under FIDIC, including changes to quantities, quality, dimensions, omissions, and additional work. Initiating Variations: Explore the different ways variations can be initiated, including direct instruction from the Engineer and Contractor-proposed value engineering. We'll detail the required notices and proposals. Assessment and Valuation Principles: Delve into the methods for valuing variations, including: Application of Contract Rates and Prices: When existing rates apply. New Rates or Prices: How new rates are determined for varied work or new items. Daywork: When and how daywork is utilized for valuation. Adjustments for Changes in Laws and Costs: Understanding other contractual adjustments related to variations. Procedural Compliance: Walk through the precise step-by-step processes for issuing, responding to, and assessing variations, including critical timelines and documentation requirements under both editions. 1999 vs. 2017: Key Differences Explored: Learn about the major changes introduced in the FIDIC 2017 Red Book concerning variations, such as: Clarifications on the Engineer's authority and process for instructing variations. Enhanced procedures for Contractor's proposals for value engineering. Refinements in the methods for valuation of varied work. The overall impact of the 2017 edition's structure on the assessment and agreement of variations. Practical Strategies: Gain valuable insights into managing variations effectively to minimize disputes, ensure proper valuation, and maintain healthy project relationships. Learn how to prepare thorough records and submissions for successful variation assessment. This episode is indispensable for Contractors, Employers, Project Managers, Commercial Managers, Quantity Surveyors, Legal Professionals, and anyone involved in construction projects operating under FIDIC Red Book conditions. Empower yourself with the knowledge to expertly navigate variation scenarios and protect your project's interests! Don't forget to Like, Share, and Subscribe to @cmguideorg for more expert insights into construction management and contracts! #FIDIC #Variations #ConstructionContracts #RedBook1999 #RedBook2017 #ContractManagement #QuantitySurveying #ConstructionLaw #ProjectManagement #Valuation #CMGuide #ConstructionVideo #ChangeManagement