Raja Farrukh's Blog

Retention Money The contract clause 60.2 describes that an amount @7.5% will be deducted from every IPC in the head of retention money, howe...

FIDIC Clause 52.2, Power of The Engineer to Fix the Rate FIDIC 198 7  clause 51 and 52 deals variations of quantites and costs.  The En...

FIDIC : Federation Internationale des Ingenieurs-Counseils (International Federation of Consulting Engineers). Established in 1913 by Swis...

FIDIC 1999 Escalation Formula clause 13.8 "Pn" is an multiplier to the work done amount for adjustment of rise or fall in pric...

FIDIC 1987, clause 60.10 Time for Payment. The clause 60.10 applies to any payments which are due and payable by the Employer to the Contr...

The Engineer shall, within 28 days of recieving of such statement, certity to the Employer the amount of payment to the Contractor. If The...

The Contract is base on FIDIC 1987 4th, Re-printed 1992 Interim payment certificate Submitted to Employer. Employer failed to make paymen...

Definition: “ KIBOR is the    average interest rate at which banks want to lend money to other banks”. Purpose: KIBOR as a benchmark, to...

If some item's amount is exceeded than BOQ amounts, but whole contract amount is in limit. e.g earth work BOQ amount is 1000 Million an...

The Formula for Price Adjustment is to determine a Pn factor for each IPC. The weightages or coefficients of different materials are given ...

General contract clause (FIDIC 1987), Time for Payment 60.10 The amount due to the Contractor under any Interim Payment Certificate issu...