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 ...

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 ...

Engineering, procurement, and construction (EPC) contracts are agreements in which a contractor is given major project responsibilities under a single contract established with an owner or developer.

Before starting any home renovation project, legal experts say homeowners should take the necessary legal precautions to avoid costly disputes. That starts with a solid construction contract. “A ...

“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 General Services Administration is foot-stomping one of the main goals of the Revolutionary FAR Overhaul: give more flexibility and authority to contracting officers. Jeffrey Koses, GSA’s senior ...