Abduramani, Getoar and Jakupi, Enis and Trpevski, Strahinja (2022) FIDIC CONTRACTS: INTERNATIONAL COMPETITION ON THE NORTH MACEDONIAN INFRASTRUCTURE PROJECTS. Journal of Applied Sciences-SUT, 8 (15-16). pp. 112-118. ISSN 2671-3047

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Nowadays, FIDIC forms of contract are intended to be suitable for infrastructure projects carried out around the world by all types of employers, often in a civil law environment with the extensive support of large investors such as the World Bank or the European Union. The construction market in North Macedonia experiences the development of larger infrastructure projects with bigger budgets than ever before. Increasing foreign direct investment and reforming the public procurement procedure have increased competition and transparency, encouraging new participants to enter the market. This paper provides an overview of the current situation in the construction market in North Macedonia, addressing the following research questions: What are the biggest opportunities and challenges of operating in the construction market, and how to ensure healthy and fair competition in infrastructure project procurement? Furthermore, the paper aims to analyze how the FIDIC contract conditions can influence the implementation of infrastructure projects in North Macedonia. Public infrastructure projects financed by international institutions and executed according to FIDIC conditions of contracts provide a considerable value-added input to developing economies. Achieving best procurement practice depends widely on the leadership and competence of the procurement stakeholders, procurement officers should understand all the procurement objectives and principles since it all encompasses the concepts of efficiency and effective procurement, transparency, competitiveness, and fairness.

Item Type: Article
Uncontrolled Keywords: FIDIC, infrastructure projects, public procurement, construction market, North Macedonia.
Subjects: T Technology > TA Engineering (General). Civil engineering (General)
Divisions: Faculty of Engineering, Science and Mathematics > School of Engineering Sciences
Depositing User: Unnamed user with email
Date Deposited: 01 Nov 2022 09:43
Last Modified: 01 Nov 2022 09:43

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