BROADCAST 2: Why not use the NEC model of contract
We need to go back to the risk the client is willing to take, says Iyad Sabouni, vice-president at Aecom. Each client has a certain appetite for risk. There are very few contracts that are typical FIDIC, or typical C; it’s always modified to what the client wants.
I think what the market is missing is a proper regulator, a regulator that can invent, focus on R&D, that can come with those types of contracts, that can educate the market. Source: Mashreq Live Broadcast