Research, International Project Contracting, Project Contract Management And Fidic Contract Conditions Apply

A brief description is given for the development of International Engineering Project Market and the relationship between Modern Project Management Technique and International Engineering Project. The project contract management is one part of the key management of International Engineering Project as well as an important factor for project being performed successfully and smoothly. Through comparison and analysis, it is demonstrated that as the basis of project contract management, FIDIC conditions are superior to other internationalized conditions such as AIA, ICE, and JCT in catering to International Engineering Projects. FIDIC conditions are able to meet the requirement of International Engineering Project due to its characteristics, such as internationalism, risk, complexity, claim & counterclaim, technology requirements. The following characteristics of FIDIC conditions, such as complete content, reasonable structure, precise logics, clear procedure and prevailing applicability, compose of partial method of standardized management for International Engineering Project.Through analyzing the internal relationship between FIDIC conditions and project contract management, it is expatiated the way of operating and function that the model of project contract management stipulated in Modern Project Management System integrates with FIDIC conditions in International Engineering Project. Seven aspects of FIDIC conditions and ten stages of project contract management procedure are being closely linked, restricting each other, balancing each other and supplementing each other. The"seven aspects"and"ten stages"ensure the International Engineering Project accomplish smoothly. Also, cases in practice validate the feasibility that FIDIC conditions integrate with the model of project contract management in International Engineering Project. This kind of feasibility is a new concept proposed for project management as well as break and exploration for traditional project management pattern.Finally, the paper indicated the existing shortage that generated from carrying through project contract management based on FIDIC conditions in International Engineering Project. But it deserves to be expected that the future of project contract management for International Engineering Project shall be more diversified. FIDIC conditions need to be adjusted and adapt continuously to cater for new emerging requirement arising from market. It would be driven to more equal, fairer and more reasonable in balancing beneficiaries in International Engineering Project with project contract management based on FIDIC conditions.