While there are almost as many types of project contract types out there as there are projects, you will always have your heavy hitters which are used more frequently than others. Among these types of project contracts, two are worthy of very specific note -...
We all know how bad fossil fuels are for the environment. With the focus starting to shift away from these damaging non-renewable sources of energy, the arguments in favor of renewable green energy are ever-increasing. However, if you don’t know a lot about renewable energy...
Budgeting a project can be difficult, especially when labor is involved. While some industries have fixed payment structures when it comes to labor, others, such as contracting, have multiple ways to handle paying the contractor: hourly, fixed bid, milestone-based. The choices are many, and it...
Although feats of engineering and technology happen every day, there’s nothing more impressive than the largest machines in the world. Some of these titans of engineering have been built in recent years, and some have held their impressive records for 20 years. The sheer mass...
Throughout history, humans have pushed the limits of what is possible with the tools and resources they have been given. The result of this undying curiosity and determination is construction projects of the grandest scale. Spanning from previous millennia, all the way up to present day,...
In a previous article, we’ve gone over the purpose of an IDIQ contract, documenting and explaining the structure of such a contract. This time we’d like to go into more detail in regards to the advantages which are offered by such contracts to both project...
Among contractors, not all contracts are created equal. Much like fishermen, certain hauls are bigger than others. If contracts could be compared to fish, then one of the most ambitious and lofty catch would be none other than the whale- in this case a MATOC...
Before any new construction or repair project even begins, a lot of work has to be done ahead of time setting up an agreement as to how the project will be budgeted and how much it will cost. This can be a laborious and frustrating...