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The Institution of Chemical Engineers publish the following three main Model Forms of Conditions of Contract: Suitable for Reimburseable Contracts, commonly known as the ""Green Book""; Suitable for Lump Sum Contracts, commonly known as the ""Red Book""; and Suitable for Subcontracts, commonly known as the ""Yellow Book"". This guide has been written to compare, on a clause by clause basis, the Green and Red Book Conditions of Contracts and examine the different powers the parties enjoy under the two sets of model conditions. It provides a comparison of, and highlights the main differences between, the corresponding clauses.This text aims to be a useful reference when considering which Model Form of Conditions to use and also to assist when drafting special conditions.