It's important for parties entering into any significant economic transaction to have written contracts. This is especially true for construction projects which are, by their nature, complicated. A ...

Eleven companies were awarded positions on the U.S. Navy’s potential eight-year, $8 billion indefinite-delivery/indefinite-quantity, multiple award, design-build ...

“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 ...

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 ...

Not paying attention to key contract clauses about notice, documentation and change order procedures is a sure way to watch your profit dwindle. At the end of the every job (when it’s too late to do ...

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 ...

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 ...

Incorporating tariff-specific escalation and change-in-law clauses into contracts helps protect parties from unforeseen cost increases. Legal provisions like force majeure should be tailored to ...