Based On The FIDIC Construction Contract Gale Disaster Risk-sharing Research

The domestic construction market vicious competition led to the profit ofconstruction enterprises at a low level in long-term. Employer for payment in arrearssituation is quite serious. Construction enterprise project site management is not in placeand the visa information is not perfections. All above lead to delays or problems withthe quality of the project caused by the owners for high claims, eventually leading to theconstruction enterprise losing money. In order to regulate the construction market, orderthe construction market, rationalize the responsibility–sharing of both contractors andowners, construction contract management is particularly important. The two sides canfurther strengthen the management of construction contracts or not when. Contractscontinue to undertake new construction tasks. Effectively avoid the various risks hasbecome imperative when the performance of the contract.FIDIC Contract Conditions is widely used in the international. It is high level ofstandard contract conditions. The terms of the contract are fair and reasonable,segregation of duties, strict procedures, easy to operate. This paper, according to theforce majeure terms of Red Book “Construction Contract Conditions”,highlighting theproblem of force majeure occurred between the contractor and the owner of the risk ofthe division of responsibilities, and giving a specific division of responsibilitiesassigned. The Red Book is one of the FIDIC series contract conditions. This paperfocuses on the disaster struck after the division of responsibilities. Then using theWeibull model and moment estimate to calculate the actual wind speed probabilitydistribution of the hurricane. At last determining the probability of occurrence of thegale disaster Accoding to the size of the hurricane probability of occurrence and therelevant provisions of the FIDIC determine whether the gale disaster is force majeureevent. It is a further complement and description of the the force majeure terms andower risk terms of the contract, providing a reference for the contractors and owners inthe event of a hurricane shared responsibility.