As opposed to the traditional approach in implementation of meaningful infrastructure projects, which followed the clearly defined sequence in phasing: design-build-operate, the commercially focused financiers foster a fast-track approach, which assumes the execution of the design and build phases in parallel. Such approach aims in shortening of time for completion and allowing for an early generation of revenues, notwithstanding the increased burden of design-related risks. Fast-tracking of a complex infrastructure project contracted under FIDIC build-only contract form creates a contractual environment suitable for disputes. This book proposes ways to identify, allocate and contractually address the risks arising from such a contractual setup, addresses the particular challenges related to it and offers possible, generally applicable solutions.
