Construction contracts are essential in the construction industry, governing the relationships and responsibilities of all parties involved in a project. Whether you’re a contractor, subcontractor, or ...

Owners and contractors have two choices for the type of contract and agreement to use: fixed price or cost-plus. Both types of contracts have their advantages and disadvantages, but let's look further ...

Each policy type is tailored to address specific areas of risk, ensuring comprehensive protection for both contractors and project owners. While construction insurance covers many risks, it may not ...

LONDON--(BUSINESS WIRE)--SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on the 4 major types of procurement in the ...

Surety construction bonds are a fact of life if you work in the building industry. Government projects and much private-enterprise construction require you take out a surety bond to get the job. This ...

Developers rushing to get projects off the ground can face significant risks without developing clearly defined indemnity clauses at the outset. Indemnity clauses, included in virtually all ...

Artificial intelligence technology that can produce various types of content including text, imagery, audio and synthetic data – generative AI – has taken the world by storm with the recent rollout of ...

The idea was to speed up hospital construction, but the contracting approach the U.S. Department of Veterans Affairs switched to in 2009 had disastrous results. VA officials decided that year to use a ...