[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"news-eic-statement-indexation-clause-in-international-construction-contracts":3,"homepage":108,"related-1857":341},{"page":4},{"id":5,"title":6,"article_date":7,"show_news":8,"show_industry":9,"tags":10,"body":26,"themes":93,"types":102,"downloads":103},1857,"EIC Statement - Indexation clause in international construction contracts","2023-11-01T12:00:00",true,false,[11,12,13,14,15,16,17,18,19,20,21,22,23,24,25],"ConstructionContracts","ConstructionLaw","ContractManagement","CostVolatility","CurrencyFluctuations","EICStatement","EconomicUncertainty","FIDICContracts","IndexationClause","InflationRisk","InfrastructureProjects","InternationalConstruction","PriceAdjustment","PublicProcurement","RiskManagement",{"type":27,"content":28},"doc",[29,43,49,53,57,85,89],{"type":30,"attrs":31},"relation-block",{"id":32,"junction":33,"collection":34,"data":35},"c941fad2-921d-458d-a9cd-02d57de1360f","articles_nodes","articles_nodes_image",{"caption":36,"image":37},null,{"id":38,"width":39,"height":40,"title":41,"description":36,"light_caption":9,"blurhash":42},"2aa59bf7-21bf-4b5d-b0f8-9c6701c5b321",1920,1182,"Metro 4501839 1920","U97KuTnLM|fOyGM^RjNF-r$vs+WAx{M_NGNH",{"type":44,"content":45},"paragraph",[46],{"text":47,"type":48},"The European International Contractors (EIC) calls on all stakeholders—employers, financiers, engineers, and contractors—to urgently reassess the use of indexation clauses in international construction contracts. In today’s volatile economic climate, fair and flexible price adjustment mechanisms are essential to protect both parties and ensure the viability of projects.","text",{"type":44,"content":50},[51],{"text":52,"type":48},"Since the COVID-19 pandemic and the war in Ukraine, construction input costs have become highly unpredictable. In such times, outdated or absent indexation clauses shift speculative risk unfairly, distort pricing, and jeopardize project delivery. Without suitable adjustments, employers may overpay during high-cost periods, or contractors may suffer unsustainable losses during prolonged inflation or currency fluctuations.",{"type":44,"content":54},[55],{"text":56,"type":48},"EIC stresses that effective indexation must:",{"type":58,"content":59},"bulletList",[60,67,73,79],{"type":61,"content":62},"listItem",[63],{"type":44,"content":64},[65],{"text":66,"type":48},"Use appropriate and project-specific reference indices,",{"type":61,"content":68},[69],{"type":44,"content":70},[71],{"text":72,"type":48},"Apply to relevant portions of the contract value,",{"type":61,"content":74},[75],{"type":44,"content":76},[77],{"text":78,"type":48},"Be timed to reflect actual cost events, and",{"type":61,"content":80},[81],{"type":44,"content":82},[83],{"text":84,"type":48},"Address currency exchange risks clearly.",{"type":44,"content":86},[87],{"text":88,"type":48},"Rather than relying on broad or outdated formulas, contracts must reflect the real cost structure of each project phase. Properly designed mechanisms support a balanced risk-sharing approach and safeguard infrastructure delivery in an uncertain global market.",{"type":44,"content":90},[91],{"text":92,"type":48},"Please read the full EIC Statement below.",[94,98],{"themes_id":95},{"url":96,"title":97},"contract-conditions","Contract Conditions",{"themes_id":99},{"url":100,"title":101},"public-procurement","Public Procurement",[],[104],{"directus_files_id":105},{"id":106,"title":107},"5b23dde5-c9ae-4a74-8e85-12cd8a641fbf","EIC Statement on Indexation",{"page":109,"themes":188,"articles":209,"conference":261,"conferences":274},{"title":110,"introduction":111,"cover":112,"highlights":114,"splash_images":142},"EIC Federation","EIC works since 1970 to strengthen the position and the image of European international contractors globally. We are dedicated to ensuring a level playing field for our members on the international construction market and to showcasing European construction excellence, innovation and sustainable solutions.",{"id":113},"0b2423c2-f60e-498c-ab5c-d62be84cb7f0",[115,129],{"collection":116,"item":117},"articles",{"id":118,"title":119,"article_date":120,"summary":121,"url":122,"cover":123},1867,"EIC publishes Position Paper on Collaborative Delivery Models","2026-04-21T09:00:00","The EIC Position Paper on Collaborative Delivery Models calls for a shift towards partnership-based, quality-driven procurement to improve efficiency, innovation and risk-sharing in infrastructure projects.","eic-position-paper-on-cdm",{"id":124,"width":125,"height":126,"title":127,"blurhash":128},"e4481846-01e9-4ebe-a425-85eb5cf7e0d3",732,720,"Cdm Cover","UbBpw$kCR%R*?wWXofj[-?WWt7of?bj@fkaz",{"collection":116,"item":130},{"id":131,"title":132,"article_date":133,"summary":134,"url":135,"cover":136},1785,"EIC publishes new Toolkit for Sustainable Infrastructure Procurement","2023-08-15T22:00:00","Two weeks ahead of a fundamental policy shift of the World Bank, which has announced to require as of 1st September 2023 the use of Rated Criteria as the default approach for most international procurements, EIC has published a new ‘Standard ...","eic-publishes-new-toolkit-for-sustainable-infrastructure-procurement",{"id":137,"width":138,"height":139,"title":140,"blurhash":141},"5f12b793-7abf-43d5-a9c3-3150791f75b7",5938,3951,"13795e2c 6e2a 4f3d 9420 F375fdcfadcd.jpg","UXL4vjjFIVx]_NaeoLWBk?MxaJV@x]oza}f5",[143,150,158,165,172,180],{"white_menu":9,"cover":144},{"id":113,"width":145,"height":146,"title":147,"description":148,"light_caption":8,"blurhash":149},5472,3648,"Autopista De Towoomba Australia  (1)","Ferrovial: Autopista De Towoomba, Australia","UkDv+oaeM{WB_NRiR*WB?vWBWBkC%gkDj]f6",{"white_menu":9,"cover":151},{"id":152,"width":153,"height":154,"title":155,"description":156,"light_caption":8,"blurhash":157},"e0520162-f256-43ff-aad7-f0ea915052ff",2500,1652,"Dragados Champlain Bridge Montreal (canadá)","Dragados: Champlain Bridge, Canada","UfEMqMtRWBjF.TW;aej[-;oLofkC%1jYWUWV",{"white_menu":9,"cover":159},{"id":160,"width":161,"height":162,"title":163,"description":163,"light_caption":8,"blurhash":164},"41e96b94-6c61-46b7-ad32-f8fd65f2abd9",5442,2274,"Ohla: Tren Interurbano Mexico Toluca, Mexico","UxGJBHjvWAf6?wR%RjayyDWBofjt%gbHj?WB",{"white_menu":8,"cover":166},{"id":167,"width":168,"height":169,"title":170,"description":170,"light_caption":8,"blurhash":171},"42114874-8b2b-4aa0-aacc-b131a0ca0248",4864,2345,"Besix: Duqm Jetty, Oman","UsFilcRPWVj?_Nf5WBa}tSayoIa|SijZa}j@",{"white_menu":9,"cover":173},{"id":174,"width":175,"height":176,"title":177,"description":178,"light_caption":8,"blurhash":179},"9d6ea804-b108-427a-b4a3-3e824af63fc1",1546,852,"Ghella Mc Athens Tunnel 02","With courtesy from Ghella","USKL2Fxv^ffQu6azsmoLRNoJNGaei]ay%1f6",{"white_menu":9,"cover":181},{"id":182,"width":183,"height":184,"title":185,"description":186,"light_caption":8,"blurhash":187},"bbd3f132-7b22-42fb-898a-68e63104b80d",3997,2267," ML W4288 Web","Mota-Engil: Malawi","UTIXgTbcIToft.x]s-n~?wxZM_j]%NM{nhay",[189,191,193,197,201,205],{"title":97,"summary":190,"url":96},"EIC reviews regularly the international standard forms of contract published by FIDIC and has issued several corresponding Contractor’s Guides.",{"title":101,"summary":192,"url":100},"EIC advocates the use of Sustainable Procurement which combines quality, sustainability and price criteria and ensures Best-Value-for-Money.",{"title":194,"summary":195,"url":196},"EU Development Policy","EIC liaises with the EU Commission and with the EIB to contribute expertise of the European construction industry in the implementation of the Global Gateway initiative.","eu-development-policy",{"title":198,"summary":199,"url":200},"EU Competition Policy","EIC promotes the principle of reciprocity for mutual access to procurement markets and development finances well as the elimination of tenders benefiting from distortive subsidies.","eu-competition-policy",{"title":202,"summary":203,"url":204},"Sustainability","EIC endorses responsible business conduct on all ESG aspects as an integral part of European international contractors’ value proposal.","sustainability",{"title":206,"summary":207,"url":208},"Finance","EIC promotes innovative financing schemes, such as Public-Private Partnerships, BOT or Asset Recycling, as a tool to overcome the global infrastructure financing gap.","finance",[210,231,241],{"id":211,"title":212,"article_date":213,"summary":214,"url":215,"show_news":8,"show_industry":9,"cover":216,"types":222,"themes":226},1868,"Digitalisation and new technologies in large infrastructure projects","2026-04-24T12:00:00","The EIC Workshop in Málaga on 24 April 2026 gathered over 100 delegates to discuss digitalisation, AI, and technology in infrastructure. Speakers stressed that digital tools are now essential for competitiveness, efficiency, and safety. ","digitalisation-and-new-technologies-in-large-infrastructure-projects",{"id":217,"width":218,"height":219,"title":220,"blurhash":221},"d5403c42-f4da-47c8-bcc5-2f48ddf94357",2048,1365,"Img 1269","UiEMX^j^IVWY.AahRpkDaJbIWXWBI9j[tRfi",[223],{"types_id":224},{"label":225},"Articles",[227,229],{"themes_id":228},{"title":202},{"themes_id":230},{"title":194},{"id":118,"title":119,"article_date":120,"summary":121,"url":122,"show_news":8,"show_industry":8,"cover":232,"types":233,"themes":236},{"id":124,"width":125,"height":126,"title":127,"blurhash":128},[234],{"types_id":235},{"label":225},[237,239],{"themes_id":238},{"title":101},{"themes_id":240},{"title":206},{"id":242,"title":243,"article_date":244,"summary":245,"url":246,"show_news":8,"show_industry":9,"cover":247,"types":253,"themes":256},1866,"EIC meets with OECD procurement experts","2026-04-01T12:00:00","What capabilities must a public infrastructure buyer possess to engage effectively with different delivery models—and how do these capabilities shape make-or-buy decisions, risk allocation, and performance outcomes?","eic-meets-with-oecd-procurement-experts",{"id":248,"width":249,"height":250,"title":251,"blurhash":252},"2583fb5f-4296-4c7c-90b0-1efe444d86d5",3844,2700,"Oecd Banner","Uf9kj@oINMbdpfj=f4W;T2oes:WUSzofafaz",[254],{"types_id":255},{"label":225},[257,259],{"themes_id":258},{"title":97},{"themes_id":260},{"title":101},{"title":262,"topic":263,"summary":264,"date_start":265,"date_end":266,"location":267,"url":268,"cover":269},"EIC Spring Conference 2026","Building Tomorrow - Digitalisation, Artificial Intelligence and Technology in Infrastructure Construction","Bienvenidos a Málaga - WELCOME to Málaga. EIC and its Spanish Member Federation, SEOPAN, are pleased to welcome you to the EIC Spring Conference 2026 to take place in Málaga. ","2026-04-23","2026-04-24","Málaga, Spain - Grand Hotel Miramar Málaga","eic-spring-conference-2026",{"id":270,"width":153,"height":271,"title":272,"blurhash":273},"a2b4f180-746a-4929-ab75-7f7079d5abdc",1668,"Conference Image Málaga Shutterstock 2576050275 Small","UmF~?ggPaJbdK-bws+kDIrbIWBafRPn+j=Wq",[275,289,303,317,329],{"title":276,"topic":277,"summary":278,"date_start":279,"date_end":280,"location":281,"url":282,"cover":283},"EIC Autumn Conference 2025","Boosting the ‘Team Europe’ Approach for Global Gateway Transport Infrastructure Funding","Willkommen in Wien - WELCOME to Vienna. EIC and its Austrian Member Federation VIBÖ are pleased to welcome you to the EIC Autumn Conference 2025 taking place in Vienna.","2025-10-09","2025-10-10","Vienna, Austria","eic-autumn-conference-2025",{"id":284,"width":285,"height":286,"title":287,"blurhash":288},"8350eca5-9543-4930-a22a-35f34b4e0521",2000,1333,"Conference Image Shutterstock 2267486413 Web Size","U9HBfEo~00JDPE?baKo#00rnadxE01R4s.s7",{"title":290,"topic":291,"summary":292,"date_start":293,"date_end":294,"location":295,"url":296,"cover":297},"EIC Spring Conference 2025","Decarbonisation of Infrastructure Construction - From Concept to Reality","Bienvenue à Bordeaux - WELCOME to Bordeaux.  EIC and its French Member Federation SEFI-FNTP are pleased to welcome you to the EIC Spring Conference 2025 in Bordeaux.","2025-04-24","2025-04-25","Bordeaux, France","eic-spring-conference-2025",{"id":298,"width":299,"height":300,"title":301,"blurhash":302},"ef4349f7-9e0e-4d22-a0d1-8c676d08b8cd",5990,3992,"Shutterstock 384939334","UfOWNmjaIWxut:bcofoe%4n$R+WVa%WCkCRj",{"title":304,"topic":305,"summary":306,"date_start":307,"date_end":308,"location":309,"url":310,"cover":311},"EIC Autumn Conference 2024","Collaborative Delivery Models","Velkommen til København - WELCOME TO Copenhagen EIC and its Danish Member Federation, DI Danish Construction (DI Byggeri), are pleased to welcome you to the EIC Autumn Conference 2024 in Copenhagen","2024-10-03","2024-10-04","Copenhagen, Denmark","eic-autumn-conference-2024",{"id":312,"width":313,"height":314,"title":315,"blurhash":316},"20a86ce1-f129-434b-86d3-96159a9ebac6",1406,1000,"Image","UuMQ6RMdNHx]_NV@s:ofg5S#odaf%goLayof",{"title":318,"topic":36,"summary":319,"date_start":320,"date_end":321,"location":322,"url":323,"cover":324},"Joint FIEC-EIC Spring Conference 2024","Bienvenue à Bruxelles – WELCOME TO Brussels FIEC and EIC, in collaboration with its Belgian Member Federation, Embuild, are pleased to welcome you to the Joint FIEC-EIC Spring 2024 Conference in Brussels with a Workshop on: Building the change: Ho","2024-05-16","2024-05-17","Brussels, Belgium","joint-fiec-eic-spring-conference-2024",{"id":325,"width":285,"height":326,"title":327,"blurhash":328},"9c4996ff-5f12-4e64-b720-b3e752bfd382",1396,"Shutterstock 1946871412 Scstock Standardlizenz Websize.jpg","UsH2gRaJWrSjBHS6s,aeIuS6kDWBwsn#WEa#",{"title":330,"topic":36,"summary":331,"date_start":332,"date_end":333,"location":334,"url":335,"cover":336},"EIC Autumn Conference 2023","Welkom in Amsterdam– WELCOME TO Amsterdam EIC and its Dutch Member Federation, Netherlands Association of Maritime Business (NABU), are pleased to welcome you to the EIC Autumn Conference 2023 in Amsterdam with a Workshop on: The Global Energy Tran","2023-10-05","2023-10-06","Amsterdam, The Netherlands","eic-autumn-conference-2023",{"id":337,"width":153,"height":338,"title":339,"blurhash":340},"57e1a1ec-5e09-407b-8e1c-b5887752839d",1534,"Leitmotiv Shutterstock 2219032311 Web Besser.jpg","UYJt3U^*%1s.~9%1s+ofogbwM{RjS*WYaejb",[342,353,365,376],{"title":343,"summary":344,"tags":36,"url":345,"article_date":346,"cover":347},"EIC Statement on Construction Contracts under COVID-19","EIC Statement on the Impact of the COVID-19 Pandemic on Construction Contracts and New Tenders ...","eic-statement-on-construction-contracts-under-covid-19","2020-07-05T22:00:00",{"id":348,"width":349,"height":350,"title":351,"blurhash":352},"211fae03-8fbf-4e62-966e-12c3bcd3f1b9",4634,2362,"Eic Logo Vertikal 2 1 Format Weisse Kante.jpg","UGSigRof~pxut7fQozj[-pj[IUWB-;j[M{af",{"title":354,"summary":355,"tags":356,"url":357,"article_date":358,"cover":359},"EIC Statement - The Impact of the Russian-Ukrainian War on Construction Contracts and New Tenders","The paper explores the impact of the Russian war against Ukraine on the construction industry and how it should be addressed to avoid further disruption.",[],"eic-statement-the-impact-of-the-russian-ukrainian-war-on-construction-contracts-and-new-tenders","2022-05-23T22:00:00",{"id":360,"width":361,"height":362,"title":363,"blurhash":364},"ce31effa-e32e-4fa8-90f6-2e08f3224a17",4896,3264,"Statement on Ukraine CC Shutterstock 2082478807.jpg","UPJ*emoj4nIr^,~U9Hbd_MxCMxnOoYNKwtog",{"title":366,"summary":367,"tags":36,"url":368,"article_date":369,"cover":370},"EIC at FIDIC International Contract Users´ Conference 2020","Experts from the EIC Working Group Contract Conditions shared their knowledge and expertise during this year‘s FIDIC International Contract Users´ Conference taking place from 01-02 December 2020 online. ...","eic-at-fidic-international-contract-users-conference-2020","2020-12-03T23:00:00",{"id":371,"width":372,"height":373,"title":374,"blurhash":375},"4ebbf078-7e09-4835-b98e-6b1500392cf0",1504,848,"Fidic Conference 2.v1 1.jpg","U8DvcoI84;r?~qxY?IsQ00xv-oWBDjNH00Rq",{"title":377,"summary":378,"tags":36,"url":379,"article_date":380,"cover":381},"EIC Position on FIDIC 2017 Yellow Book published in the ICLR","The article, reproduced with kind permission of the International Construction Law Review (ICLR), summarises EIC’s observations as to what we consider as improvements and what we believe to be retrogressions with respect to the FIDIC 2017 Yellow Book ...","eic-position-on-fidic-2017-yellow-book-published-in-the-iclr","2020-09-09T22:00:00",{"id":382,"width":383,"height":126,"title":384,"blurhash":385},"bf136e84-dfa6-48f9-ae15-c3ae167e4c14",1280,"Book Cover Yellow Book Ed2017.jpg","UES$lm%M_4Ri?cWBMwozMxoftRWB-:ayM|of"]