FIDIC 2017 Yellow Book | The Schedules explained | Plant and Design-Build Contract

FIDIC Yellow Book Plant & Design-Build Contract - The Schedules.

In this video, we provide an expert breakdown of the essential FIDIC Yellow Book schedules and returnable documents required for managing large-scale Engineering, Procurement, and Construction (EPC) projects. Drawing directly from professional project management standards, we explore the critical components that ensure a project remains on track, on budget, and legally compliant.

What You Will Learn:
• Key Dates & Milestone Schedules: Understand how to define critical milestones, from the Commencement Date and Detailed Design & Engineering (30/60/90%) to Commissioning and Taking-Over.
• Pricing Basis and Lump Sum Breakdown: Learn how the Contract Price is structured, covering categories like Project Management, Procurement, Construction Management, and Insurance.
• Payment Schedules & Invoicing: Discover the mechanics of Progress Payments, Advanced Payments, and the necessity of a "Certificate of Milestone Completion" for interim invoicing.
• Handling Variations and Day Rates: See how to manage project changes using a Schedule of Rates for Variation and Day Rate Schedules for both personnel and construction equipment.
• Module Prefabrication: Explore the requirements for listing unit rates and material prices when project execution involves modularization.
• Key Personnel and Subcontractors: Identify the vital roles in a project, such as the Project Director and HSE Manager, and the importance of a proposed subcontractor schedule.
• Certificate of Verification: Learn the process of certifying a FEED Package as adequate and accurate, including the management of "Rely-Upon Information."

Whether you are a project manager, contractor, or engineering student, this guide provides a deep dive into the formal documentation that drives successful industrial projects.

Key Documents Referenced:
• F1.0: Key Dates & Milestone Schedule
• F2.0: Pricing Schedule & Pricing Basis
• F3.0: Payment Schedule
• F4.0: Schedule of Rates for Variation
• F5.0: Day Rate Schedule
• F6.0: Insurance Schedule
• F11.0: Certificate of Verification

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Note: This description draws on information from the provided project schedules and documentation templates. You should independently verify specific contract requirements as they may vary by project and jurisdiction.