Thursday, 13 April 2017

2.Key terms commonly found in international construction contracts.



Key terms commonly found in international construction contracts.

On this episode, I will pick up some designated words that are key terms and often found in international construction contracts by referring the European’s FIDIC contract (choosing Red Book) as a basis for comparison with the words or terms found in other equitable international construction contracts, such as the American’s AIA contract and the NEC and the JCT of the UK. I will also compare them with the words or terms found in the construction contract in Thailand in 2003 for the construction of airfield pavements for the Second Bangkok International Airport project, which is translated from the English version, as can be seen as follows. 

The key terms associated with the Sequence of Contract activities




 Key terms related to the parties and their powers 



 Key terms related to the time

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