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About us Members Positions Issue February 2017
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Dear Reader,

You can now register online for the upcoming EIC Spring Conference in Copenhagen on 20-21 April 2017 with a workshop on: Sustainable Solutions for Urban Areas – Business Opportunities for European Contractors in the Light of the Sustainable Development Goals.

Sincerely,
Your EIC Team

Headlines
EIC Spring Conference with Workshop on Sustainable Solutions for Urban Areas

EIC and its Danish Member Federation, Dansk Byggeri, are hosting the Spring Conference 2017 in Copenhagen with a workshop on:  Sustainable Solutions for Urban Areas – Business Opportunities for European Contractors in the Light of the Sustainable Development Goals. Read more...

EIC Publication on Corporate Responsibility

EIC’s Working Group “Corporate Responsibility” (CR) met on 17 January 2017 to proceed with the drafting work on an EIC publication on best practice in handling Corporate Responsibility matters in the international construction markets. Read more...

Joint Federation Letter to FIDIC to maintain an equitable contractual standard 

In a joint effort initiated by EIC, the global construction umbrella federation, CICA, and the three international contractors' associations from Europe, Japan and Korea call upon FIDIC to maintain an equitable contractual standard. Read more...

 
News from Bruessels
EU Workshop on New Models of Private Sector Participation in Development Finance

EIC participated on 2 February 2017 in a Workshop organised by the European Commission and the EIB on “New Models of Private Sector Participation in Development Finance”. Read more..

Brief Notices

DRBF hosts 17th Annual International Conference in Madrid

The Dispute Resolution Board Foundation is hosting its 17th Annual International
Conference & Training Workshop in Madrid on
24-26 May 2017. The theme of the conference is: Grab the Bull by the Horns: How To Face, Avoid And Solve
Projects Disputes Early. Read more...

European BIM Summit in Barcelona

The third edition of the European BIM Summit (EBS) will be held on 25-26 May 2017 in the framework of Barcelona Building Construmat, the International Building Exhibition of Fira de Barcelona, and positioning itself as the event of reference on Building Information Modelling (BIM) in Europe. Read more...

 
Headlines

EIC Spring Conference with Workshop on  Sustainable Solutions for Urban Areas

Copenhagen   EIC and its Danish Member Federation, Dansk Byggeri, are hosting the Spring Conference 2017 in Copenhagen with a workshop on:  Sustainable Solutions for Urban Areas – Business Opportunities for European Contractors in the Light of the Sustainable Development Goals.

Well-managed cities can drive sustainable development

More than half of the world’s growing population lives in cities today and the percentage is expected to rise to two thirds by 2050. Therefore Sustainable Development Goal #11 calls for making cities and human settlements inclusive, safe, resilient and sustainable. Despite numerous planning challenges, well-managed cities can be incubators for innovation and ingenuity and key drivers of sustainable development according to the UN Agenda.

New interactive workshop format

In the inter-active workshop EIC plans to involve participants as much as possible. Each of the three sessions will start with a short introduction, a presentation of a specific initiative which will be followed by a group discussion at each table. Workshop moderator Verner Kristiansen will sum-up after each session based on the out-come of the debate at each table. Workshop Speakers include Denmark's Foreign Minister Anders Samuelsen and KPMG Chairman Global Infrastructure James Stewart among others.

Links:
EIC Conference Website

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Headlines

EIC Publication on Corporate Responsibility 

Berlin   EIC’s Working Group “Corporate Responsibility” (CR) met on 17 January 2017 to proceed with the drafting work on an EIC publication on best practice in handling Corporate Responsibility matters in the international construction markets.

Contribution of European contractors to UN Sustainable Development Goals

The upcoming EIC publication will be structured around the four key topics “People, Planet, Prosperity and Good Governance” and will highlight the various contributions by European international contractors to the UN Sustainable Development Goals. In this context, the EIC position will address the ten most important CR aspects relevant for the construction industry: Adapting to Climate Change, Business Ethics, Continuous Learning and Transfer of Know-how, Creating added value in communities, Engagement with Stakeholders, Greening Operations and Conserving Resources, Health & Safety, Human Rights and Diversity, Labour Conditions and Supply Chain Responsibility.

Compliance of European contractors with international standards

The publication will further illustrate that European international contractors comply in their activities with all relevant international standards, including but not limited to the OECD Guidelines for Multinational Enterprises, the OECD Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence, the UN Guiding Principles on Business and Human Rights, the International Labour Organisation’s core labour standards and the relevant ISO Technical Standards. The new EIC position shall be finalised by the Working Group over summer 2017 and it is expected to be released at the EIC Autumn Conference on 13 October in Paris.

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Headlines

Joint Federation Letter to FIDIC to maintain an equitable contractual standard 

Berlin  In a joint effort initiated by EIC, the global construction umbrella federation, CICA, and the three international contractors' associations from Europe, Japan and Korea, EIC, ICAK and OCAJI, have called upon FIDIC to maintain an equitable contractual standard.

FIDIC publishes special pre-release version of its “Yellow Book” update

The joint letter is a reaction to the special pre-release version of the FIDIC 2017 “Yellow Book”, released at the FIDIC International Users Conference in December 2016, which suggests that the proposed contract administration under the updated FIDIC standard will become highly bureaucratic and carry the risk that the parties are drawn into time-consuming, costly and labour-intensive dispute settlement alongside the ongoing project.

FIDIC intends to introduce another major risk shift to contractors

The four federations are particularly concerned that the updates of the FIDIC “Red, Yellow & Silver Books” will impose major additional risk upon contractors and thus modify the current industry standard to the disadvantage of contractors. For instance, FIDIC intends to oblige contractors to assume an unlimited liability for design errors thus entitling employers to recover all losses however unexpected or unforeseen and irrespective as to whether or not employers have contributed by their own failings to the loss arising from an error in the contractor's design. Such a liability is completely unacceptable for EIC and its partner federations as it may prove uninsurable and may lead to significant losses and even insolvencies.

New EIC Contractor’s Guides

CICA, EIC, ICAK and OCAJI have called upon FIDIC to finally enter into a more in-depth dialogue with contractors’ federations before the finalisation of the updates of the major FIDIC standard forms. Regrettably, there is not much reason to believe that FIDIC will respond positively to this call. EIC is therefore already preparing new EIC Contractor’s Guides to the upcoming FIDIC updates and will also approach the Multilateral Development Banks and the European Institutions on this important issue.

Links:
Joint federation letter to FIDIC

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News from Bruessels

EU Workshop on New Models of Private Sector Participation in Development Finance 

Brussels   EIC participated on 2 February 2017 in a Workshop organised by the European Commission and the EIB on “New Models of Private Sector Participation in Development Finance”.

New EU External Investment Plan

In the Workshop, representatives from the European Commission’s DGs DEVCO, ECFIN and NEAR, from the EIB and other Multilateral and Bilateral Development Banks (World Bank, IFC, AfDB, EBRD, AFD) presented the main features of the future European External Investment Plan (EIP) and the various EU Blending Instruments. It became clear that the various Blending Instruments shall initially target so-called “bankable” projects which generate at least some kind of income, e.g. small-scale projects in the energy, financing or agricultural sectors. An extension to large-scale infrastructure projects might be considered later on depending on the results achieved under the financing of small-scale projects. A final agreement on the EIP is expected by summer 2017.

Lessons learned from an efficient use of Public Development Finance

Participants called on the EU Commission to concentrate public interventions on reducing perceived risks, to find models of co-operation appropriate to the very different type of investor, to standardise what can be standardised to help creating competition and the establishment of asset classes, to tackle home country regulations that unnecessarily discourage institutional investors from investing abroad and to help developing countries to develop institutional capacity to access domestic and foreign investments.

Links:
Workshop Presentations

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Picture Credits: IC Ictas & Astaldi

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