Managing construction costs in check is no longer just a necessity: It is a fundamental element that impacts profitability, ...

Change in Law Clause: These clauses typically give the contractor the right to a change order for changes in law enacted ...

Typical delivery methods consist of contracts based on (a) a lump or stipulated sum, where the parties agree on a fixed price for the entire project or phase; (b) a guaranteed maximum price (GMP), ...

Producer prices fell in August, but construction input costs climbed as metals and diesel rose. With jobs revised lower, contractors face uneven pressures closing out 2025.

Learn how contractors today are leveraging subscriptions to cut adoption costs and keep ahead of the technology curve.

From 2021 to 2023, the construction industry faced a tumultuous economic climate, marked by a confluence of challenging trends that have tested the resilience of industry executives. This period saw a ...

Cost control can be a great solution if your business is dealing with spiralling costs, cash flow problems and poor financial performance. It’s a process which can increase profits and improve ...

In Quezon City, some flood control projects in different locations were awarded to different contractors that submitted the exact same bid amounts, with some even up to the last centavo.