Sagathiya Abhishek Hareshbhai

CM4050

"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 ."