New York City is currently undergoing an extensive transformation of its transportation infrastructure, featuring a variety of ambitious multibillion-dollar projects. These projects are designed to enhance the city's connectivity, capacity, and efficiency, encompassing everything from tunnels and
Insurance is a crucial aspect of business for general contractors, as it protects against various risks involved with construction projects. Accidents, design errors, and other unforeseen incidents can lead to costly lawsuits, potentially resulting in economic hardship or even bankruptcy. Selecting
The housing shortage is a critical issue affecting the recruitment and retention of key workers at Royal Cornwall Hospital, which is situated in Truro, Cornwall. To address these challenges, Prime plc has successfully reached Financial Close on a significant housing project aimed at providing
The economic fallout from the COVID-19 pandemic has left many cities grappling with the plummeting values of commercial properties. This decline has placed a significant tax burden on residents, prompting lawmakers and developers in Minnesota to seek innovative solutions. One such proposal is a
The construction industry is continually evolving, with new methodologies being developed to address longstanding inefficiencies. One such method, the design-build project delivery approach, is emerging as a leader in driving efficiency and cost-effectiveness. The design-build approach encompasses
Flow-down clauses in construction contracts serve a critically important, yet often misunderstood function. They are essential in ensuring subcontractors uphold the same responsibilities stipulated in the prime contract between the general contractor (GC) and the project owner. This article, part
