TIME MANAGEMENT OF PROJECTS BY APPLYING THE FIDIC CONDITIONS OF CONTRACT

Abstract

In the implementation of large investment projects, it is a common practice to exceed the set budget and/or extend the time for completion compared to a predetermined duration. As a general rule, the contractual relationship between the parties implies effective project time management. One of the best examples and templates for the above is the FIDIC conditions of contract, containing detailed and time-tested methods for efficient project time management. The present study briefly reviews the main methods in this regard.