Monday, May 09, 2005

The Grand Conspiracy

We had this interesting lecture on FIDIC contracts. For those of you that don't know, this is the French Acronym for Federation Internationale De Ingenieurs - Conseils, which came up with the Bible of International Construction Contract - the FIDIC conditions.

How did these contract conditions become so popular? Well, it has to do with the tender process of all 3rd world countries who take development aid from the World Bank and other similar organisations. Apparently, in order to qualify for such construction grants, the recipient country has to agree to use the FIDIC tender conditions, which are recognised as a fair mechanism in the competitive tender process. Hahaha by no small coincidence, the global commercial arbitration industry (excluding ICSID and other investment arbitrations) is ruled by about 70 percent construction arbitration, and guess who are the resident FIDIC experts? the European arbitrators of course!

It is a grand conspiracy I tell you..

2 comments:

2ndplace said...

Hey sis, what's ur contact info and such, i've not spoken to u in a while and i wanted to call u, but the last num u had on ur blog didn't work out, the reception said u and fab had left.

Anywho, i'm wondering if ican stay in Fr a bit longer maybe paris or lilie after the wedding, and i'd like to also find out from u what ur plans are after June 10 b/c Aunty anne, and ma/pa will be leaving then and i'm planning on going to Beijing to visit Zee, but she won't be around till at around 15th June. So i have about 4-5 days to hang about in Fr or anywhere else around then.

Ok, ttyl

Love,
S**

kiddo said...

Eh ... don't say so much ... wait gahmen reading your blog you know:

http://tomorrow.sg/

Especially on the acidflask fiasco. Better run now ... wait license also kenna hang.

(Sorry for spamming)