Lump-sum -- or fixed-price -- construction contracts now account for about half of all contracts in the U.S., according to industry think tank PSMJ Resources. Generally speaking, both sides favor lump ...

As a single dad of a handful of kids, my evenings and weekends are always a joyful ride. Just last weekend, I had a mini trial with one of my Littles who, get this, wanted to spend the night at a ...

The construction sector uses two main types of contracts. The first type, called a “measurement contract,” is a contract whose underlying principle is accuracy. In this type of contract, the ...