A contract is an exchange of promises that a court will enforce. In the fast-paced world of construction, disputes often arise over whether ...

Although construction loan documents provide protections in favor of the lender as against the project owner, in this article, Kenneth Block and Stuart Rosen demonstrate the need for the lender to ...

A fixed price strategy is an approach where you establish a set price for each customer or client regardless of the actual time and materials used for a project. These types of contracts are common in ...

Lump-sum -- or fixed-price -- construction contracts now account for about half of all contracts in the U.S., according to industry think tank PSMJ Resources. Generally speaking, both sides favor lump ...

“Substantial completion” is an important, but often overlooked term in construction contracts. It is significant because it is often used as a trigger in construction contracts for a number of ...

The U.S. Navy selected 10 contractors to compete for work under a $15-billion indefinite delivery/indefinite quantity multiple-award construction contract Sept. 10, and separately selected five firms ...

The Naval Facilities Engineering Command has started seeking industry feedback for a potential $8 billion Multiple Award Construction Contract for large scale general construction projects. According ...

The U.S. Navy awarded a combined $990 million contract to 12 companies for the procurement of construction services in support of the Pacific Deterrence Initiative ...

A contract dispute arose between the prime contractor and construction manager on a project for the Hampton V.A. Medical Center in Hampton, Va. A contractor that claims a former company executive ...

Unexpected devastating weather events such as hurricanes, tornados, earthquakes, fires and other natural disasters can strike at any time, leaving construction projects in disarray. While Mother ...

Plans for Edinburgh’s first purpose-built concert hall in more than a century have reached a new milestone with the signing of the construction contract after a £40 million funding boost. Work on the ...