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fit for the purposes for which the Works are intended as defined in the Contract’, need to be understood or interpreted in accordance with the governing law of the contract. Clause 1.4 provides for the contract to be governed by the law of the country stated in the Appendix to . . . Read more
html xmlns=”http://www.w3.org/1999/xhtml”> 2 Risk 2.1 How risk may be allocated The standard form contracts common in international projects contain detailed terms allocating risk. The FIDIC forms provide instructive examples of this. In what follows we shall try to bring out how differently risk might be allocated in different types of project . . . Read more