Under what circumstances can lenders step in to take over the project?
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what is fidic contract Informational
- Are there requirements for replacement funds or lifecycle management plans?
- Who owns the intellectual property created during the project? How does FIDIC address data protection and privacy issues?
- What are the Employer's obligations?
- How are decisions about replacements made? What are the clauses related to access for maintenance and repairs during the operational phase?
- What are the environmental liability issues? How does FIDIC address the issue of stakeholder engagement and communication over the long term?
- Under what circumstances can adverse weather lead to an extension of time?
- How are their rights and interests protected? What are the clauses related to ethical sourcing of materials and labor?
- How are stakeholders engaged? What are the provisions for environmental monitoring and reporting during the operational phase?
- How does early use affect the taking-over certificate and defects liability period?
- Are there specific clauses related to data security and cyber threats?
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