Risk Management Under FIDIC Contracts

Overview
Course title: Risk Management Under FIDIC Contracts
Level: Introductory
Mode: On-demand
Language: English, with translations in Arabic, Chinese, English, French, Russian, Portuguese, and Spanish
Price:  FREE
Training hours: 1.5h (90min)

This 90-minute on-demand course is designed for both professionals new to and familiar with FIDIC contracts who want to build a solid foundation in risk management across the project life cycle. Starting from first principles — what risk and uncertainty actually mean — it guides participants through how risk is identified, allocated, and managed under FIDIC contracts, and what happens when it is not. By the end, participants will have a clear, practical understanding of how FIDIC’s contract structure and key clauses serve as risk management tools for protecting project outcomes.

Who should attend
This introductory-level course is relevant for professionals who contribute to planning, delivering, operating, or assuring capital projects and assets, and who need a clear, structured approach to managing uncertainty. It is particularly relevant for Project Managers, Engineers, Construction Managers, Commercial and Contract Professionals, Quality and HSE Practitioners, Risk and Assurance Leads, and Advisors working in consultancy firms, asset owners, contractors, supply chains, joint ventures, and funding or oversight organisations.

Learning outcomes

By the end of this course, participants will be able to:

• Define risk and uncertainty, and distinguish between certain, foreseen, and unforeseen risk events using standard classification frameworks.
• Identify the main categories of project risk (time, cost, scope, and ground conditions) and understand the basic concept of risk allocation in a contractual setting.
• Recognise how risk is distributed between Employer and Contractor across the FIDIC Red, Yellow, and Silver Books, and how Particular Conditions can adjust that allocation.
• Describe the purpose of a risk register and the role of notices, records, claims, and change control as everyday risk management tools during project execution.
• Understand how unmanaged risk can escalate into disputes and identify the FIDIC mechanisms — including the Engineer, DAB/DAAB, and arbitration — that exist to resolve them.
• Apply introductory best practices and avoid common pitfalls when working with risk management obligations under a FIDIC contract.