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Published by the Institution of Chemical Engineers (IChemE), this slim, user-friendly document has been redesigned for modern, low-value, low-risk projects. Here is everything you need to know about this practical contract.
: Recognizes that the "short form" is often used for projects exceeding USD $10 million. Key Features and New Innovations short form of contract 2nd ed -2021 green book- pdf
The FIDIC Green Book 2021 is structured with a clear order of priority for its various documents. The structure is as follows:
: A major innovation that provides a liquidated damages formula for calculating the Contractor's overheads during compensable delays, simplifying the claim process for extended time on-site. Flexible Pricing Options This guide is for informational and research purposes only
The , formally known as the Short Form of Contract
The , universally known as the Green Book , represents a major evolution in standard form contracts for simpler engineering and construction projects. Published by the International Federation of Consulting Engineers (FIDIC), this updated edition addresses modern industry needs while maintaining its signature agility. Published by the Institution of Chemical Engineers (IChemE),
Perhaps the most notable change in the second edition is its transformation from a truly "short" contract to a more comprehensive document. The 1999 edition had 15 clauses spanning just 10 pages. The 2021 version has 14 clauses, yet the core General Conditions run to 26 pages. However, when you include the Appendices, Guidance Notes, and other features, the total document length has increased substantially from 44 pages to 155 pages. It is no longer as brief as it once was, but it remains significantly shorter and more manageable than the 2017 FIDIC forms.
Formally scales to projects valued up to USD $5,000,000 and durations up to 2 years . It is also highly suitable for repetitive or capital expenditure (CapEx) works. 2. Advanced Risk Allocation
It includes clearer, more comprehensive clauses regarding claims, disputes, and payment, which are crucial for reducing misunderstandings between parties.