Tag: contracts


NYC to build $6B in new jails using guaranteed maximum price contracts

September 7, 2021

Via: Construction Dive

The city is hoping to use the new jails as a way to transition into what it calls “safer and fairer” facilities, according to the release. With the construction of these jails, the city will also close its Rikers Island […]

Construction Processes, Financial, Interaction of Expertise, Sustainability

Fluor reports lower revenues and backlog, but sees opportunity ahead

December 11, 2020

Via: Construction Dive

The results came as Fluor looks to regain its footing after a restructuring to put accounting mishaps behind it. The company is now pursuing higher-quality contracts, even as it continues to work through older, “zero margin” jobs. The firm didn’t […]


State Dept. Embassy Building Program Continues Busy Pace

September 24, 2020

Via: ENR

As the State Dept. office in charge of embassy construction adjusts to workplace changes caused by the coronavirus pandemic, it has continued to award a stream of construction and design contracts for new projects at posts around the world. Addison […]

Construction Site Safety, Regulations

The Dotted Line: When should contractors use COVID-19 liability waivers?

August 25, 2020

Via: Construction Dive

As a result of the novel coronavirus’ spread, construction industry players are preparing for permanent changes to the way they do business. Other changes that contractors likely will encounter moving forward through and after the pandemic, however, will be in […]

Construction Processes, Legal

The Dotted Line: How will clients approach contracts post-pandemic?

May 26, 2020

Via: Construction Dive

While contractors and their legal advisers try to work out how the COVID-19 pandemic and the associated mandatory project shutdowns will affect future jobsite operations and profitability, it’s worth looking ahead to what kind of contract terms construction companies could […]


Architecture Billings Index continues to show modest growth

December 17, 2019

Via: BDCNetwork

Demand for design services in November increased at a modest pace for the second month in a row, according to a new report today from The American Institute of Architects (AIA). AIA’s Architecture Billings Index (ABI) score of 51.9 for […]

Construction Processes, Legal

The Dotted Line: When contractors can walk off the job

August 27, 2019

Via: Construction Dive

When general contractors or subcontractors sign on to construction projects, they usually start off believing everything will run smoothly. But, during the course of the work, issues sometimes arise that force all parties to go running back to their contracts […]

Construction Processes, Financial, Interaction of Expertise

Construction begins on new $600M main entrance at NYC’s Penn Station

June 18, 2019

Via: Construction Dive

The addition of a new entrance is just part of a multibillion-dollar program to improve rail and rail-related services in the New York City metro area. In December 2017, the MTA awarded a $1.8 billion design-build contract to 3TC — […]

Construction Processes, Financial, Interaction of Expertise

12 contractors shortlisted for $5B of border wall contracts

May 13, 2019

Via: Construction Dive

In addition to winning a spot on this latest prequalified bidders list, Fisher Sand & Gravel also scored another victory this month in regard to protests it filed against previous Army Corps border wall contract awards, according to the Washington […]

Construction Processes, Legal

AIA addresses industry nuances with 13 contract updates

October 31, 2018

Via: Construction Dive

Most commercial contractors are likely familiar with the AIA series of construction agreements and documents as they are used often throughout the industry, although there are new publishers like ConsensusDocs that have also come to market with their own line […]