Over the past decades, the international construction industry has observed an increasing frequency of litigation on major international projects. This has often been a consequence of the tendency of employers to minimise their risk profile through passing ever more contractual risk on to the contractor. According to recent experiences of many international contractors, this trend has been mitigated only partly by the general reworking of the accepted industry standard forms of contract issued in 1999 (FIDIC, 1999). This apparent increased risk for contractors has led one leading contractors’ association, the European International Contractors (EIC), to publish their EIC Contractor’s Guides to the three FIDIC “New Books for Major Works”, which have all been published in this Review over the past three years (October 2000, January and July 2003).1 The general perception in the EIC Guides is that the new editions have apparently allocated more contractual risk to the contractor in an already depressed market situation, where it is difficult to pass on the associated additional costs to the client.