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For decades, compliance has been treated as overhead. Something contractors had to manage, but rarely something they expected to create value. It lived in filing cabinets, spreadsheets, payroll offices, and three-ring binders that only became important when an auditor came knocking. The objective was straightforward: stay compliant, avoid penalties, and keep projects moving. But that …
Owners and contractors involved in large-scale construction projects face unique challenges, including drafting a contract that places the parties in a fair position if problems arise. In contracts for construction projects, multiple areas can be vitally important, such as intellectual property, change order rights, limitations of liability, liquidated damages, and insurance. Somewhat overlooked, however, …
Prediction 1: In 2020, renewable/sustainable energy will attract 85 percent of all new investment but demand for oil and gas remains high. The first and most obvious change in the market is that renewable fuel consumption is going to increase dramatically. Figures from the International Energy Agency (IEA) suggest that by 2023 renewables will …