FIDIC Standard Forms of Contracts or National Contracts in Public Investment

FIDIC standardized models have been the basis for international contracts specific to large-scale construction and installation works carried out mainly in the field of public investment. They have been a source of inspiration for national standard contracts which have gradually come to be used in t...

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Bibliographic Details
Published in:	International Investment Law Journal 2021-02, Vol.1 (1), p.56-66
Main Author:	Mănescu, Dragoș
Format:	Article
Language:	eng
Subjects:	Administrative Law arbitration claim Construction contracts Contract law engineer fidic Foreign investment international investment International Law national contract Public finance supervisor
Online Access:	Get full text
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Summary:	FIDIC standardized models have been the basis for international contracts specific to large-scale construction and installation works carried out mainly in the field of public investment. They have been a source of inspiration for national standard contracts which have gradually come to be used in the public works contracting process. With the appearance in 1959 of the first bilateral investment treaty, FIDIC investor protection clauses began to be harmonized with existing international investment treatment standards in the body of investment treaties, as any type of investment is based on a contract concluded on the basis of the pre-existence of a protection and promotion treaty.
ISSN:	2734-8830 2734-8830