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Construction contracts in Japan - Key Differences between the Minkanrengo and FIDIC Red Book (1999) - PART TWO: Price Fluctuations and Variations

Construction projects around the world have been affected by the Covid-19 pandemic, supply chain issues and cost inflation caused in part by global instability. Contractors are often left to bear the brunt of the increase in material costs and labour, with little recourse to cost sharing with the employer owing to the lack of well drafted price fluctuation or variation clauses. In part two of this three part newsletter series, the clauses related to price fluctuations and variations in the “General Conditions of Construction Contract” (Minkan (Nanakai) Rengo Kyoutei Kouji Ukeoi Keiyaku Yakkan), otherwise known as the “Minkanrengo” standard form, will be examined in relation to the relevant clauses in the FIDIC Red Book (1999) (“FIDIC RB (1999)”)....To read the full article, please see the PDF file

It is also available in PDF.
Construction & Infrastructure Newsletter (November 10, 2022) (215 KB / 4 pages) Download PDF [216 KB]
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