Dear Senior Coleaques,
I am at lost as to what is the correct application of FIDIC Clause 47 (1) by Main Contractor to Sub-Contractor. The frequent copies of Subbies contract agreement coming to my desk put the maximum penalty or LD to 10% of the Main Contract Value. I considered this unfair. What of a situation where the sub-contract value is less than 10% of the main contract.
I guess it should be back to back contract with the subbies penalty of LD to 10% of subbies contract value.
Is any one there having a contrary opinion? HELP ME OUT PLEASE
I am at lost as to what is the correct application of FIDIC Clause 47 (1) by Main Contractor to Sub-Contractor. The frequent copies of Subbies contract agreement coming to my desk put the maximum penalty or LD to 10% of the Main Contract Value. I considered this unfair. What of a situation where the sub-contract value is less than 10% of the main contract.
I guess it should be back to back contract with the subbies penalty of LD to 10% of subbies contract value.
Is any one there having a contrary opinion? HELP ME OUT PLEASE