Last December, the much anticipated 2017 editions of the Red, Yellow and Silver Books were released by the International Federation of Consulting Engineers (FIDIC) at their annual conference. Significant changes have been made across the Books which users need to be alive to.
Though these changes are largely similar across the Books, there are of course changes that are specific to the nature of each Book. All are considerably longer than their 1999 counterparts and most provisions have been re-drafted. Despite this, FIDIC’s standard approach to clause names and numbering is largely unaltered. Readers will recall that the pre-release Yellow Book, released at the end of 2016, was not looked upon favourably by users. FIDIC appears to have taken on board much of the critical feedback it received on the pre-release Yellow Book, softening the risk allocation that was previously viewed by some as not reflecting good industry practice. However, the 2017 Books are still much more administratively burdensome than the 1999 versions, with various deeming provisions and time bars that may catch parties out if they are not careful. FIDIC has stated that the new Books are aimed at increasing clarity and certainty within the forms. However, the introduction of highly prescriptive procedures may not be what some users want to see.
Please download our interactive guide using the download button to the right which looks at the core changes across the three Books.