Fidic Yellow Book Insurance
The new fidic 2017 yellow book was pre released in draft form in december 2016.
Fidic yellow book insurance. This is the standard in the fidic model services agreement the white book. Fidic red book sub clause 4 12 yellow book is the same. Under the fidic yellow book the contractor is required to provide notice. This practice note considers the insurance provisions in the fidic red yellow and silver books 2017.
There has been plenty of concern expressed by contractor bodies from across the globe as to some of the proposed changes so whether all of them make it into the 2nd edition is very much debatable. Fidic users guide 1 jan 2013 247 253. The route to relief i e. Obviously this standard is preferable for a contractor as it is more difficult for the employer to prove breach insurance policies are more readily available and it easier to agree pass through obligations with any subcontractors.
It looks at liability for the works insurance of the works and the other insurances which the contractor must take out including professional indemnity public liability and employer s liability insurance. Fidic users guide a practical guide to the 1999 red and yellow books 1 jan 2006 233 255 clause 18. Designed as a companion for both the first time and also more experienced user the book presents an accessible guide to the 21 clauses of the 2017 fidic conditions of contract using the conditions of contract for plant design build yellow book as a. Seppala explains lucidly the changes made in the fidic forms which led to the new forms and how the new clauses 17 and 19 differ from their equivalent provisions in fidic s old red yellow and orange books.
See the section on the fidic yellow book in chapter 4 introduction to the fidic suite of contracts and specifically below epc turnkey in engineering procurement and construction epc contracts a single contractor takes responsibility for all elements of design engineering construction and procurement of a project on a turn key basis. Part ii of the red book insurance arranged by the employer. Fidic yellow book is a guide for anyone involved in preparing administering or contributing to the fidic suite of contracts 2017 edition. Clause sub clause may require a contractor to give a specific notice within a set period.
The form and type of notice will be determined by the specific clause sub clause of the contract under which the claim is being notified. Physical conditions means natural physical conditions and physical obstructions natural or man made and pollutants which the contractor encounters at the site during execution of the works including sub surface. The fourth edition of the red book 1992 the 1996 supplement the 1999 red book the 1999 yellow book the 1999 silver book third edition.
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