Although construction loan documents provide protections in favor of the lender as against the project owner, in this article, Kenneth Block and Stuart Rosen demonstrate the need for the lender to ...

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 ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Those familiar with the construction industry know that construction projects are seldom, if ever, completed within the time originally anticipated at the project’s outset. Fortunately, prime ...

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 ...

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 ...

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 ...