Abstract:
The FIDIC 2017 framework agreements claims to transform construction operations through
updated mechanisms for dispute settlement alongside strategies to handle current industry
obstacles. The analysis examines how prepared global construction organizations are to implement
FIDIC 2017 through evaluation of stakeholder knowledge while identifying compatibility
perceptions among these businesses. Through the application of Structural Equation Modeling
(SEM) statistical techniques on survey results this study identifies essential links between different
variables. Data analysis shows organizational preparedness depends greatly on socio-economic
understanding along with organizations’ views about how well FIDIC 2017 integrates with current
methodologies. The current challenges impeding effective transition stem from ongoing resistance
to change together with critical shortages in specific technical capabilities. The recurring obstacles
faced by organizations highlight the necessity for specific training purposes as educational
programs that improve stakeholder technical and managerial skills. Construction companies can
achieve necessary alignment with FIDIC 2017 standards by bridging existing operational gaps
which will produce better organizational efficiency and more innovative approaches to conflict
resolution. Through its research findings this study delivers applicable recommendations for both
government officials and industry executives that highlight the necessity of collaborative networks
and knowledge exchange structures during this transitional phase. The presented research delivers
insights into worldwide construction contract management discussions through a practical strategy
to implement the FIDIC 2017 guidelines. Once the industry resolves its readiness challenges and
taps into the suite’s full capabilities it can build an operational framework that assures sustainable
efficiency and positions itself for success in today’s ever-changing complex environment.
