| Law Firm: | Pinsent Masons |
|---|---|
| Office: |
Pinsent Masons 30 Aylesbury St EC1R OER |
| City: | London |
| Country: | England |
| Tel: | +44 20 7490 4000 |
| Fax: | +44 20 7490 2545 |
| Email: | mark.roe@pinsentmasons.com |
The demand to open construction markets to international competition, to improve quality, timeliness of supply and price, is growing. There has been a noticeable increase in the number of developers, owners and operators who are now looking to use a form of contract familiar to international contractors even on projects being undertaken in their home jurisdictions. In Europe, Africa, the Middle East and Asia this has meant a substantial increase in the demand for FIDICbased contracts. International construction business can now be conducted via a familiar, respected and widely available legal framework, saving contractors costs associated with unfamiliar procedures. It also provides an improved competitive environment, which in turn gives the employer a better deal. Often it is quality rather than price that is the driver for this change.