IMPROVING SIA BUILDING CONTRACT 2016 WITHOUT QUANTITIES (INTERNATIONAL) 1ST EDITION THROUGH COMPARING WITH FIDIC CONDITIONS OF CONTRACT FOR CONSTRUCTION 2017 2ND EDITION

Abstract

Globalisation allows Singapore to experience an influx of foreign firms exploring newer business opportunities, allowing the country to leverage their expertise, such as in the areas of railway construction and technologies. The Government of Singapore encourages local firms to venture overseas for more business opportunities. It is therefore important for international forms of contract used in Singapore to be extensive yet easily adaptable by foreign firms so as to not deter these foreign firms from venturing into Singapore. In particular, this dissertation focused on improving the SIA Building Contract 2016 Without Quantities (International) 1st Edition, the only form of contract in Singapore that possesses an international variant, through comparisons with another international contract, FIDIC Conditions of Contract for Construction, for Building and Engineering Works Designed By The Employer 2017 2nd Edition (Red Book).

The scope of this dissertation is narrowed down to variations, loss and expense and fluctuation of costs, which affects the cost of projects, one of the three major constraints in project management. This dissertation first compared the provisions set out in both contracts, SIA and FIDIC, followed by an analysis on legal disputes over provisions of variation, loss and expenses and fluctuation of costs in projects. With the comparison between the two form of contracts, the author then recommends improvements to the SIA form of contract, with the help of existing provisions already set out in the FIDIC and PSSCOC form of contract.