In the realm of construction contracts, particularly under the FIDIC Yellow Book 1999, the concept of liquidated damages is pivotal. Clause 8.7, focusing on Delay Damages, is a key provision that governs the consequences of delayed project completion.
Liquidated Damages/Delay Damages: A Deep Dive into FIDIC’s Clause 8.7 Read More »
Clause 15.4 in the FIDIC Yellow Book 1999 outlines the procedures and obligations regarding payments after the termination of a contract. This clause becomes relevant when a contract is terminated, particularly under the provisions of Sub-Clause 15.2 [Termination by Employer].
Dodge Conflict: Navigate Contract Termination Settlements Like a Pro Read More »
Clause 15.3 ensures that, upon termination of the contract by the Employer, the Contractor is fairly compensated for the work done and materials provided up to that point. This clause safeguards the financial interests of the Contractor, ensuring they are not left uncompensated for their contributions if the contract is terminated.
Clause 15.3: Ensuring Fair Valuation in Contract Termination Read More »
Termination by Employer under FIDIC Clause 15 explained: grounds, procedures, notices, payments & practical scenarios for 1999 vs 2017.
Termination by Employer under FIDIC Clause 15 Read More »
Clause 14.15 in the FIDIC Yellow Book 1999 addresses the currencies in which payments under the contract are to be made.
Understanding Clause 14.15: Navigating Multi-Currency Payments in FIDIC Contracts Read More »
Sub-Clause 14.14 in FIDIC Yellow Book explains how to preserve claims & when Employer’s liability ends. Don’t miss key deadlines or risk losing entitlement!
Sub-Clause 14.14 – FIDIC Yellow Book Guide to Employer’s Liability Read More »
Clause 14.13 FIDIC explained with side-by-side comparison, checklists, sample letters & best practices for Final Payment Certificates in 1999 & 2017 Yellow Books.
Clause 14.13 FIDIC: Final Payment Certificate Explained for Yellow Book 1999 vs 2017 Read More »
FIDIC Clause 14.12 Discharge explained with checklists, sample letters, FAQ, and 1999 vs 2017 comparison. A must-read for contract close-out clarity!
FIDIC Clause 14.12 Discharge: Full Guide with Letters & FAQs Read More »
Our guide on ‘Clause 14.11: Application for Final Payment Certificate’ provides a detailed understanding of the process for final payment application, its review, and how disputes are resolved. Ideal for contractors and engineers navigating contract terms.
Clause 14.10 Statement at Completion explained: Secure payments, preserve claims, and avoid disputes under FIDIC Yellow Book 1999 and 2017 editions.
Clause 14.10 Statement at Completion – FIDIC Yellow Book 1999 vs 2017 🔍 Read More »
Our comprehensive guide to understanding Clause 14.9 in contracts provides insights into the payment of retention money. Learn how this clause operates, its implications for contractors and clients, and its unique features compared to other payment clauses.
Understanding Clause 14.9: Mastering Payment of Retention Money in Contracts Read More »
![Sub-Clause 14.7 ["Payment"]](https://wisdomwaveshub.com/wp-content/uploads/2023/11/image-26-1024x729.png)
Clause 14.8 addresses the consequences faced by the Employer if they fail to make timely payments to the Contractor as per the terms outlined in Sub-Clause 14.7 ["Payment"]. This clause is crucial in safeguarding the Contractor's financial interests.
Clause 14.8 – What happens if the Payments are Delayed Read More »
FIDIC Clause 14.7 Payment defines deadlines for advance, interim, and final payments, with interest, suspension, and termination remedies for delays.
📒 FIDIC Yellow Book 1999 — Clause 14.7 (Payment) Read More »
Clause 14.6 - Interim Payment Certificate under FIDIC demystified! Learn its purpose, process, risks, disputes & tips to optimize project cash flow.
Clause 14.6 Interim Payment Certificate: 1999 vs 2017 Read More »
In the intricate web of FIDIC Yellow Book 1999, Clause 14.5 - Plant and Materials intended for the Works unveils a nuanced mechanism for handling materials destined for incorporation into the Permanent Works. This clause introduces a structured process within the payment certification framework, ensuring transparency and accountability in managing these crucial elements.
Deep Dive into Clause 14.5 Plant and Materials intended for the Works Read More »
In the intricate tapestry of FIDIC Yellow Book 1999, Clause 14.4 - Schedule of Payments unveils a structured framework for managing the flow of financial transactions within the contractual landscape.
Schedule of Payments – Understanding Clause 14.4 [of FIDIC Yellow Book 1999] Read More »
Clause 14.3 places a pivotal responsibility on the Contractor to initiate the payment process by submitting a detailed Statement to the Engineer.
Mastering Interim Payment Certificates: FIDIC Yellow Book (1999 vs 2017) Explained Read More »
Clause 14.2 of the FIDIC Yellow Book 1999 addresses the provision of an advance payment by the Employer to the Contractor.
Decoding Clause 14.2: Navigating Advance Payments in FIDIC Contracts – Myths vs. Reality Read More »
Contract Price FIDIC 14.1 sets the lump-sum basis, adjustments, and risk allocation. Learn key differences between 1999 and 2017 editions in detail.
Contract Price FIDIC 14.1 Explained: 1999 vs 2017 Guide Read More »
Welcome to this comprehensive guide on understanding variations in construction projects. As per the FIDIC Yellow Book, 1999, if you're new to the world of construction contracts, don't worry. I'll break down each step in a way that's easy to grasp.
“Mastering the FIDIC Yellow Book 1999: Clause 13.0 VARIATIONS AND ADJUSTMENTS” Read More »
