“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 ...

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 ...

Certain construction contractors may be eligible to use the cash or completed-contract method of accounting for regular income tax. However, these taxpayers may also be liable for alternative minimum ...

A model clause addressing climate-conscious waste management practices for a government construction project that government entities may incorporate into their own construction contract forms or ...

It is critical for contractors to understand the insurance requirements in construction contracts, as these projects carry very high levels of liability and risk. Construction involves moving ...

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 ...

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 ...

Jamie Swan explains how clear contract drafting is essential to avoid disputes over implied terms, while highlighting the limits of judicial intervention Construction contracts are fundamental in ...

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 ...