Seminar | Fidic Contract

To understand the importance of providing standard contracts for construction projects that have been used globally, the Legal Department of Thang Long Elevator Equipment Co Ltd and N2Law Lawyers Association Limited Hanoi organized the "Fidic Contract Seminar" at 44 Hao Nam Headquarters with the participation of related departments.

FIDIC originally translated from French acronym for '' Fédération Internationale des Ingénieurs - Conseils '' and the International Association of Consulting Engineers. The birth of FIDIC is the result of the close cooperation of both domestic and international engineers in the field of consultancy.

FIDIC currently has more than 60 members, including consulting organizations from other countries, including the Vietnam Construction Consulting Association (VECAS)

The purpose of these contracts is to clarify the contractual relationship between the parties and the division of risks between the Owner and the Contractor. FIDIC points out that their contracts equitably divide the risks that they can tolerate and that they can control them.

Attorney - Mr. Tran Tuan Anh - Legal Manager introduces FIDIC

At the seminar, Attorney Nguyen Thi Hang Nga, associates and lawyers - Mr. Tran Tuan Anh - Head of the department together with the staff of the Legal Department, introduced in detail the FIDIC contract forms, using The FIDIC contract is consistent with the Thang Long Elevator Assembly Group, which also analyzes the legal and orientation to adjust some of the key contents of the Fidic model contract. At the same time raised some issues that need attention when negotiating and implementing contracts.

Lawyer Nguyen Thi Hang Nga of N2Law Law Firm of Hanoi Bar Association introduced the points to note about the terms of the FIDIC Contract Form.

The organization of seminars on FIDIC contracts is very meaningful to Thang Long Elevator Equipment Group in order to keep abreast of trends in the world and to know and use FIDIC contract forms to minimize Legal risks when entering into a construction contract, detailing the work to be done by the parties in the contractual relationship, and meeting the objective of fair competition, transparency and economic efficiency.