Training Slides of NATIONAL AUDIT – FIDIC CONTRACTS: BASIS OF FAIR CONTRACT, discussing the importance of Contract.
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7. 7
NATIONAL AUDIT – FIDIC CONTRACTS
1. ABOUT HALF ARE EITHER REPETITIONS, OR
INSERTIONS OF SOME PARTS OF VARIOUS
LAWS, OR EXPLANATIONS OF CLAUSES WHICH
ARE ALREADY CLEAR.
2. THERE ARE MANY CHANGES TO THE
PRINCIPLES OF FAIR CONTRACT, ERRORS,
OMISSIONS, AND SIMPLE BAD DRAFTING.
3. THE RESULTING TEXT IS ONE-SIDED AND WILL
RESULT IH HIGHER PRICES FAR BEYOND ANY
SIMPLE MISTAKES MADE IN THE ENGINEERING
OR FINANCIAL CONTROLS OR AUDITS.
8. 8
NATIONAL AUDIT - FIDIC
1. ONE CONSEQUENCE IS ALSO THAT SERIOUS
INWARD INVESTMENT OF EU INFRASTRUCTURE
COMPANIES WILL BE DIMINISHED EVEN MORE
THAN NOW.
2. ALL THE LAWS OF LITHUANIA APPLY. THE TWO
MOST APPLICABLE ARE THE PROCUREMENT
LAW AND THE CONSTRUCTION LAW.
3. THE LATTER CONTAINS DEFINITIONS QUITE
DIFFERENT TO THE FIDIC DEFINITIONS, BUT IS
QUITE EASY TO HARMONISE THESE.