Balance of Plant (BoP) Contract: What is it? How it Works?
Construction contracts evolve to address industry needs, such as funding and financing requirements, risk appetite, and market conditions. With the ...
Tag: contract
What is Contract Novation? (Examples and Key Features)
To respond to the evolving nature of the construction industry, professionals in the niche have developed different procurement approaches and ...
Construction Manager at Risk (CMaR): What is it? How it Works?
Construction projects are known for their complexity and dynamic nature throughout their lifecycle. Over the last few decades, multiple contracting ...
Performance Bond: What is it and How it Works? (How to Obtain one?)
Insurance is crucial in mitigating risks and providing financial protection for various stakeholders involved in construction projects, such as owners, ...
Front-end engineering design (FEED): What is It and How it Works?
The initial development of complex engineering projects, such as oil rigs, manufacturing, mining and energy plants, is typically associated with ...
Design and Construct (D&C) Contracts – How do they Work?
Construction agreements have evolved throughout the years, and there are many variations to suit the best risk allocation between owners ...
What is an EPC Contract? (Key Features, Examples, and Tips)
EPC Contracts: Combining engineering, procurement, and construction for efficient project management. Learn more about their types and benefits.
What is an ECI Contract? (And How It Works)
The development of client needs and desire to implement optimal risk profiles has led to the development and use of ...
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