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 ...

As it moves away from lump-sum contracting in the wake of project charges and recent quarter losses to focus on higher-margin engineering, Montreal-based SNC Lavalin Inc. has named Robert E. "Bob" ...

All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization ("adjusted ...

HOUSTON, Dec. 28-- Frontier El Dorado Refining Co. let a lump-sum, turnkey engineering, procurement, and construction contract to Chicago Bridge & Iron Co. (CB&I), The Woodlands, Tex., for a crude and ...