Valuing Variations In Dredging Contracts
Variations are essential in dredging contracts and they have the potential to generate extra costs and pose significant delay to projects. So, what is the best way to go about reaching a fair valuation in variations in dredging contracts?
Design/ Build & Other Types of Dredging Contracts
Contracts for dredging projects can include design, construction, finance, operating and maintenance, as a totality or in a combination of parts.
Dredging and Maritime Construction Contracts
Dredging contracts may be based on a variety of local and national regulations. When working internationally the FIDIC contract is the accepted norm.
Day Rate, Cost Plus and Charter Contracts
Day rate, Cost plus and Charter contracts each have specific applications that determine how the contractor is paid and who is managing the project.
A Review of the FIDIC Blue Book (Second Edition)
In 2006, FIDIC published a specialised contract for dredging and reclamation activities – the FIDIC Form of Contract for Dredging and Reclamation Works. Ten years later, the second edition of this book has been released with updates to better reflect actual practice and to increase usage of the book.
Fair contract conditions and competition
FIDIC Conditions of Contract books are essential to the dredging industry. There is a whole suite of contracts for stakeholders to choose from to suit their needs. Discover when and why these contracts were made.
When is an Escalation Clause Necessary? Dealing with Price Fluctuations in Dredging Contracts
Unexpected costs resulting from fluctuations in prices for raw materials,fuel and labour can add extra financial risks for dredging contractors and clients.
Adverse Physical Conditions and the Experienced Contractor Test
Standard dredging contracts do not necessarily take into account “unforeseeable” soil conditions which can cause serious financial uncertainties. The time to consider these issues is before work commences.