The U.S. Air Force has awarded firm-fixed-price contracts with a cumulative value of $300 million to six companies to provide construction services for a military ...

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

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 ...

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 ...

Most construction contracts fail to address AI use. Traditional forms—AIA, ConsensusDocs, FIDIC—were not written for a world where autonomous systems influence design or execution. Without updated ...

The purpose of a construction contract is risk management. As any construction professional knows, the construction business is inherently risky. There are three main types of loss in any construction ...

Naval Hospital Guantanamo Bay, which is due to be replaced with a modern ambulatory care center and dental clinic under a contract with DPR-RQ Construction LLC. Photo by Lt. J.G. Justice Curlee/U.S.

Who doesn’t want to have a detailed and coherent construction agreement in place on every job? It minimizes confusion, makes clear everyone’s respective responsibilities and should reduce disputes.