In 2019, the EIC Working Group “Contract Conditions” undertook a “friendly review” of a proposed new FIDIC standard form for “DBO Projects for the Upgrading of Existing Facilities” (Draft “Bronze Book”). Given that the industry standard currently provides for separate forms of contracts, one covering Design-Build and the subsequent form covering the operations and maintenance phase of a project, EIC feels a certain degree of uneasiness with the proposed form in that the “Bronze Book” assigns to the Contractor a strict responsibility for the quality, or any loss or damage to the asset, or loss of production of the facility for a period of 20 years or more. EIC criticises that the contractor needs to assume a concessionaire’s role, however, exposing it to a much higher degree of financial liability, which might be unacceptable for most contractors.
During the FIDIC Users Conference in December 2019 in London, EIC announced its upcoming publication of the EIC Contractor’s Guide to the FIDIC 2017 Yellow Book. In preparing this first EIC Guide on the FIDIC 2017 Conditions of Contract for Plant and Design Build, EIC continues the tradition of the EIC Guides to the FIDIC 1999 edition and shares its comments on matters of importance and only at length where there are issues at stake.