The efect of "prince act theory" in maintaining the financial balance in the Fedic contract : analytical and applied study

Abstract

This research tackles an important practical issue and, at the same time, gains the attention of contractors with the public administration, i.e.

exploring the effect of the Prince Act Theory in maintaining the financial balance in the FEDIC Contract- an analytical and applied study.

The research is divided into three chapters.

The first gives an introduction to the concept of the Prince Act Theory, and the second focuseds on the application of the Prince Act Theory to FEDIC contract.

The third chapter is dedicated to settlement of disputes that arise from applying the Prince Act Theory to FEDIC contract.

The research has concluded that the technical aspect overweighed the legal aspect in drafting the FEDIC contract.

Furthermore, it was noticed that there was a confusion in using several legal concepts that relate to the Prince Act Theory.

Based on these conclusions, some recommendations were adopted to put the FEDIC contract in its correct legal frame in relation to the effect of the Prince Act Theory