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Contract from a multifunctional perspective. An example of FIDIC
The functions of contract in managing a construction projects – an example of FIDIC and analysis of how it is used in the construction industry based on 454 collected contract documents.
This is the first webinar in a series of knowledge sharing related to contract, FIDIC, and risk analysis in the construction industry. The use of contract in the construction project will be analyzed from a multi-functional perspective.
The FIDIC will then be used as a template to understand the distributions of multi-functions in managing a construction project; and the changing in the distributions over time.
A report of FIDIC based on the collected 454 contract documents from infrastructure projects in 84 different countries will be introduced. As the first webinar in the series, this one will introduce how the different versions of FIDIC general conditions are distributed based on different features of the projects. Thus, it is to objectively describe the usage in the practice.
Benefits of participating in the webinar
- General understanding of both the definition and function of contract
- A comprehensive theoretical background of the necessity of using contract in a construction project
- A functional view of contract and its distributions by using FIDIC Standard Form Contracts as an example
- An understanding of how different FIDIC Standard Forms of Contracts are used in practice based on 454 collected contract documents from 84 different countries
Topics covered in this webinar
- Little thing called “Contract”. The definition of contract and its functions with rich theoretical background
- How different categories of risk are managed by contract. A combination of functional view of contract and risk management in construction project
- Distribution of contract clauses. An analysis of FIDIC Standard Contract Form under the functional view
- Changing trend of FIDIC over years. A longitudinal analysis of FIDIC Standard Contract Form over year under functional view
- Distributions of FIDIC Standard forms of contracts in practice: Distributions of FIDIC Standard forms of contracts based on locations, time, project features based on the collected 454 Contract documents using FIDIC Standard Contract Form in construction projects from 84 different countries
Practical relevance of the webinar topic
The theoretical knowledge and practical examples in this webinar apply to 4 of the 7 construction stages.
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Initiative
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Initiation
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Design
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Procurement
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Construction
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Use
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End of life
Webinar host
Yuting Chen
PhD, MSc, PGCert, Senior Lecturer
- Senior Lecturer and Programme Director of MSc Construction Project Management
- Interdisciplinary backgrounds in Construction Project Management (PhD), Finance (CFA), and International Business Law (PGCert)
- Funded research project for Automated Detection of Contractual Risk Clauses in Construction Projects by using Natural Language Processing
- Author of 15 academic publications on construction project management, especially related to contract
- Providing consulting services for Chinese stated-owned contractor companies
Learning experience on the platform
Content designed to make it easy to put theory into practice
Gain knowledge
Information, statistics, experience, research, these are all fundamental elements for a broad and objective understanding of the effective management of the construction process, the problems inherent in the sector and possible solutions.
Share your experience
Knowledge is built through interaction with others, which is the basis of our experience. Our experts provide valuable content on industry processes, but by sharing experiences, opinions and discussions with qualified construction experts from around the world, you not only gain a broader understanding, but also valuable contacts to develop your business.
Apply the knowledge gained
It is not enough to identify the problems or to propose theoretical solutions. To be valuable, the knowledge and experience gained must be put to good use in designing quality projects, making efficient use of available resources and contributing to positive change in the industry.
