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Tag: dispute avoidance
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Acceptance of Using the Hudson Formula for Prolongation Cost Claims in FIDIC Contracts
Estimating prolongation costs is one of the most debated areas in construction claims. Many contractors try to justify additional costs by using formulas such as the hudson formula, especially when proving exact incurred cost is difficult. However, its acceptance under FIDIC contracts depends on how well the claim aligns with contractual requirements and evidential standards.… Read.
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Dispute Avoidance Revised Roles in FIDIC 2017 Edition
Dispute avoidance is a key focus in the 2017 edition of FIDIC contracts. These updates emphasize preventing disputes before they arise. The roles of the Dispute Avoidance/Adjudication Board (DAAB) and the Engineer were revised to promote early intervention and proactive resolution. Dispute Avoidance/Adjudication Board (DAAB) The 2017 edition introduced the DAAB to replace the earlier… Read.
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Prolongation Costs and the Hudson Formula
Construction projects often face delays, leading to additional expenses known as prolongation costs and the use of the Hudson formula. These costs arise from factors beyond the contractor’s control, such as scope changes or unforeseen site conditions. To address these challenges, contractors frequently rely on the Hudson Formula. This guide explores the Hudson Formula in… Read.
