Fidic suit and mca based contracts: choosing appropriate form of construction contracts for highway projects in india

The Indian highway development sector has seen unprecedented scale of programs in last couple of decades which also resulted experience-based generation of knowledge. One of the areas where this sector has developed is the Form of Contract Agreement between the Road Authorities and the Contractors/Concessionaires. This paper outlines the various forms of Contracts used in India for cash contracts as well as PPP projects. The major two forms, FIDIC and MCA based contracts, are discussed in totality and guidelines are framed to choose most appropriate form of the Contract based on source of funding risk and sharing between the parties to the Contract.