In standard Red/Yellow Books, the risk of loss or damage to the works usually passes from the Contractor to the Employer upon the issuance of the Taking-Over Certificate.
The International Federation of Consulting Engineers (FIDIC) has long been a leading authority in the field of engineering and construction contracts. Their publications, particularly the suite of contract guides, have been widely adopted across the globe as standards for fair and balanced contract conditions. The latest addition to this suite is the NEW FIDIC GOLD BOOK CONTRACT GUIDE.pdf, designed to offer practical advice and guidance on the use of the Conditions of Contract for Design, Build and Operate Projects. This article aims to provide a detailed overview of the guide, highlighting its significance, key features, and how it can benefit stakeholders in construction and engineering projects. NEW FIDIC GOLD BOOK CONTRACT GUIDE.pdf