Construction News

This is popular due to streamlining the process, reducing complexity and fixed pricing that provides budget certainty. The private sector usually does the design, construction and operation, while the public sector provides oversight and regulatory support. It can be found in construction projects ranging from transportation, water supply and sanitation, energy generation and distribution and … Read more

We cover eight core models, from lump sum and cost-plus to T&M, unit price, GMP, design-build, IPD, and incentive agreements, with clear pros and cons for each. Construction Invoice – For a contractor to request payment from their client for services rendered. The Contractor may assign rights and may delegate duties under this Agreement to … Read more