General Aspects of International Construction Contracts (El Contrato Internacional De Construcción: Aspectos Generales)
Revist@ e-mercatoria, Vol. 5, No. 1, 2006
29 Pages Posted: 21 Oct 2009
Date Written: 2006
Abstract
International Construction Contracts and the legal relationships created due to their use and application are interpreted and evaluated by different institutions and academics around the globe. They are also interpreted by courts and arbitral tribunals from different countries. Their development and study have created uses, practices and rules applicable to these contracts incorporated in forms elaborated by different institutions such as FIDIC. Such uses and practices have been called by the doctrine as Ius Ingeniorum or the Lex Mercatoria of the International Construction Contracts. With this article the author pretends to introduce students and practitioners to the International Construction Contracts. The article addresses the International Construction Contracts as an activity capable of creating its own independent rules in the international context. I will also mention some of the clauses which I deem of most relevance to these type of contracts considering the contract forms created by FIDIC.
Keywords: International Construction Contracts, Ius Ingeniorum, Lex Mercatoria, FIDIC, Red Book, Project Finance
JEL Classification: K12, K33
Suggested Citation: Suggested Citation