India is building at extraordinary scale, power plants, refineries, highways, metros. Most of it runs on Engineering, Procurement and Construction (EPC) contracts, often modelled on the international FIDIC suites.
Risk is allocated on day one
Who bears the risk of unforeseen ground conditions? Of a change in law? Of a delayed design approval? These questions are answered, or dangerously left open, in the contract, long before a dispute exists.
"A contract is a plant drawn in words. If the drawing is wrong, no court can fix the building."
Three clauses to read twice
- Variations and change orders, how scope can move, and who pays.
- Time-bar notices, miss the window, lose the claim.
- Dispute resolution, DAB, arbitration seat, and enforceability under the Arbitration and Conciliation Act, 1996.
Listen to the full conversation in Season 1, Episode 1.
Not legal advice. This explainer covers the law in general terms. Consult an advocate for your case.