This major new text provides clause-by-clause commentary on the new FIDIC Red Book, the widely used international construction contract. Reproducing each clause in full, it then explains the effect and operation of each clause with bullet-pointed key features followed by detailed commentary.It is the only work to provide detailed commentary for lawyers on the most recent version of the FIDIC Red Book.The new MDB harmonised version of the Red Book, recently approved for use by the World Bank, is also covered, and its variations for the standard version of the Red Book considered in detail.* Enables users of the new FIDIC Red Book contract to interpret the clauses correctly and decide whether amendments need to be made to suit their situation* Considers case law on the clauses where relevant* Discusses problems frequently encountered in practice in relation to various clauses* Compares the new contract with previous versions of the FIDIC Red Book and other widely used standard contracts, such as the ICE forms* Discusses the MDB version and how this differs from the standard Red Book contract* Authoritative commentary jointly written by Keating Chambers, acknowledged as the leading construction law chambers, and Fenwick Elliott, a leading firm of construction law solicitors