FIDIC Contracts in Asia Pacific - A Practical Guide to Application
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CHAPTER 2
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The FIDIC Golden Principles1
2.1 Introduction
FIDIC publishes General Conditions of contract that are widely used for international construction contracts. They are intended to be used in any legal jurisdiction. FIDIC General Conditions are explicitly based on a fair and equitable risk allocation between Employer and Contractor and are widely recognised as striking an appropriate balance between the reasonable expectations of the contracting Parties.