Review of EPC construction contracts with International provisions
"The standard form of contract comprises terms and conditions that can be used for projects of
all types and provides flexibility to the employers as per the project specific need. The
predominant forms of contract used in Indian public projects are CPWD, State R and B formats
& Niti Ayog, whereas projects funded by Asian Development Bank, World Bank, and JICA
often use FIDIC suite of contracts, which have been considered a traditional set of contracts,
used extensively in Indian construction projects. FIDIC contracts are based on common law
principles, the terms of these contracts are intended to be flexible and adaptable to different
situations, while Indian contracts are governed by Indian contract law. Indian contracts may
vary more in terms of their structure and content, depending on the specific project and
parties involved. Considering their widespread use and adaptability, they have been
considered as the comparable forms of contract against NEC4, claiming to mitigate issues ."
