Articles

Contracts, by their nature, such as sales contracts, partnership agreements, franchises, and supply contracts, contribute to organizing commercial relationships between companies from different countries.

If an engineer lacks sufficient knowledge of these contracts, they will face difficulties in executing projects according to the contract's requirements and legal obligations, which may lead to international disputes.

There are various types of international contracts that are practically applied in the labor market, and for an engineer, understanding these types of contracts is vital and strategic to ensure successful project implementation, preserve rights, and prevent significant financial losses due to claims.

FIDIC Contracts

FIDIC contracts provide a standardized and clear framework for managing engineering and construction projects. By understanding these contracts, an engineer can achieve a balance between the interests and risks of different parties and ensure the efficient execution of projects.

Lack of knowledge of FIDIC contracts can lead to misunderstandings of agreements, complications in procedures, and failure to meet obligations, ultimately resulting in significant financial losses.

The 1999 Red Book

The FIDIC Red Book is an important tool for engineers, offering clear guidelines for common projects in practical life regarding the obligations of the parties, completion of work, payment terms, changes in work, claims, and dispute resolution.

If the engineer is not familiar with this type of contract, they may face difficulties in managing projects, leading to delays and disputes with contractors and other parties.

Contract Draft

Skilled contract drafting ensures the protection of the rights of all parties and the achievement of the project’s objectives. The ability to draft contracts enables the engineer to clearly define the obligations and responsibilities of the parties, thereby reducing disputes.

If an engineer is unable to draft contracts effectively, they may be exposed to countless legal risks and challenges in implementation.