Blue Book meaning

What does FIDIC mean? What do they do? FIDIC stands for ‘Fédération Internationale des Ingénieurs–Conseils’, most accurately translated from French as the International Federation of Consulting Engineers. FIDIC speaks for the consulting engineering sector both globally and within domestic markets. What are the FIDIC forms of contract? FIDIC’s contracts committee develops standard forms of contract for civil engineering projects that are used internationally. These forms set out the contractual relationship between the parties and distribute risks between the contractor and the employer. FIDIC states that its contracts allocate risks fairly to the party best able to manage and bear those risks. In December 2017, FIDIC released updated second editions of the Red, Yellow and Silver Books. These are considered below, alongside the other FIDIC contract forms. For guidance on the key updates in the 2017 versions, see Practice Note: FIDIC contracts 2017—what’s changed? [Archived]. As with other standard form construction contracts, the FIDIC forms are often amended to reflect the specific characteristics of each project and the...

EPCM ‘Blue Book’ (IChemE, March 2023) This Practice Note reviews the engineering, procurement and construction management (EPCM) form of contract, commonly termed the ‘Blue Book’, released by the Institute of Chemical Engineers (IChemE) in March 2023. Construction management is now a widely recognised procurement route; nevertheless, it differs fundamentally from other IChemE contracts, particularly when set against the EPC approach to allocating risk... Where many other contracts prioritise delivery by a single contractor who assumes significant design and construction risk, EPCM dispenses with any sole ‘contractor’ undertaking the works. Instead, trade contractors (the ‘Contractors’) contract directly with the Purchaser under Works Contracts to design, supply and install goods and materials for the Plant. Their activities are directed by the EPCM contractor (the ‘EPCMC’), and performance risk is distributed across multiple Contractors. The EPCMC is appointed to provide the management services required to oversee and coordinate their performance in constructing the Plant. See also Practice Note: Construction management for broader guidance on the route, and for other IChemE forms...