The World Bank recognizes that accepting Abnormally Low Bids and Proposals can put the contract in jeopardy: increased overall costs, contract delays or even the collapse of a contract. Consequently, WB has given its guidance. The new methodology described in this post provides Borrowers with a structured approach to address the issue of ALBs.
Contract Risk Scoring is an effective way to analyse contracts for their risks on commercial and contractual issues. We have applied this on a typical World Bank Contract for PLANT. The Contract Risk Scoring is 25 which means it is a low risk contract. This article provides the report and analysis.
In this blog specific topics are analysed regarding Contract, Commercial and Project Management. Articles will cover terms & conditions, negotiation, standard contracts (like FIDIC, NEC3, World Bank), specific contract types (EPC, Design & Build) etc.
The World Bank and other Multilateral Development Banks want dispute boards on the projects they finance. This is because they are aware of their value for dispute avoidance and early dispute resolution. Internationally, the most-used standard forms of contract for infrastructure, construction, power projects etc. are FIDIC contracts. FIDIC’s latest editions of the Rainbow […]
This article is a reflection on the use of FIDIC contracts in combination with civil law legal systems. Introduction on FIDIC contracts and their origin FIDIC contracts are the most used international form of contracts for construction and industrial projects. The popularity of FIDIC contracts was derived from their international […]
For whom The sales team, working in an international context Project managers The commercial and operational management Issue at stake Acquire the fundamentals of international contracts Obtain true contract awareness thanks to this training Prerequisites This training does not require any prerequisites. Nevertheless, some commercial (national or international) or project […]
Changing, growing and improving is what you want: Your company regularly works, or intends to do so, with international contract standards (FIDIC, World Bank, NEC etc). Your teams are expanding, you have new-comers or want to consolidate the team’s knowledge on international business. You want to expose your teams to […]
I’ve received a very interesting question: Can the EPC philosophy be applied to rehabilitation projects of, for example, a power plant? In this article, you will find my answers with the reasoning behind it.
This is the first post of a series of 5, digging into the questions that your Contract Risk Scoring system should have: Customer, Contract type, Fixed & Firm vs Escalation and Payment Conditions are all covered.
The title above is a frequently heard observation about contracts & lawyers. Usually, this goes together with statements like “we negotiate the contracts and then file them immediately” or “contracts are only useful in case of conflicts”. Are those statements really the right thing to do?