Petrochemical Design ›› 2020, Vol. 37 ›› Issue (2): 30-34.doi: 10.3969 /j.issn.1005-8168.2020.02.008

• ENGINEERING AND APPLICATION • Previous Articles     Next Articles

Comparison of Payment Management between JCT Design-Build Contract and FIDIC Conditions of Contract for Plant and Design-Build

Wang Minghao   

  1. SINOPEC Engineering Incorporation, Beijing, 100101
  • Received:2019-10-09 Accepted:2019-10-09 Online:2020-05-25 Published:2020-05-25
  • Contact: Wang Minghao,wangminghao@sei.com.cn E-mail:wangminghao@sei.com.cn

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Abstract: Payment issue is one of the core issues of project management, which affects project cost, schedule, cash flow and other aspects. As the widely used contract terms, JCT terms and FIDIC terms have detailed provisions on payment management. However, after the JCT and FIDIC terms were updated successively in 2016 and 2017, there are few studies and comparative analysis on the two new versions. Aiming at the payment issues, this paper selects the Design-Build contract mode to perform comparative analysis based on these two contract terms.

Key words: JCT clause, FIDIC clause, design-build contract, payment management

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