There are many standard contract forms using in construction industry like FIDIC, JCT, ICE conditions of contracts and etc which may change from country to country and project to project.
There are many advantages of using standard contract forms for both the contractor and Employer.
Basically, those standard forms are using in the construction for a long period of time and they are with minimum discrepancies and issues.
Standard forms are balancing the risk in a fair manner which deliver the risk to the most suitable party.
Construction professionals are very much familiar with standard forms and therefore it minimise the misunderstanding and mistakes.
In case of dispute within parties, there are readily avaialable solutions & contract practitioners are expert on those standard forms.
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