While the 1999 version was capped at around $500,000, the 2021 version is designed for projects with capital values often reaching up to $10 million , provided the risk remains low.
The 2021 Green Book is no longer restricted to simple or repetitive works of short duration and limited capital value. Its intended use is much broader than the 1999 edition. Projects where parties wish to avoid committing significant resources to contract administration and management, or where the perceived level of risk is low, are now explicitly within its scope. FIDIC no longer provides specific quantitative criteria (such as the USD 500,000 threshold or six-month duration) for its use, reflecting the way the contract has been applied in practice for years. fidic short form of contract 2021 pdf
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