Show All
Escalation clauses used to be rare. Now they show up in almost every contract involving a volatile material. They are negotiated line by line, tied to published indexes, and carefully capped and structured. The industry got good at this. Legal teams argue over which index applies. Estimators set trigger points. Owners and contractors negotiate exactly …
If you’re an owner responsible for a capital program, you already know the harsh truth: most projects are set up to fall short on budget and schedule targets long before anyone pours concrete. The numbers are stubborn and remarkably consistent. Studies show that large capital projects frequently run over budget and behind schedule – cost …
Spend a morning on almost any site, and you’ll hear the same refrain: “Where’s the steel? Did those pumps ship? Who’s chasing the submittal?” Materials and information move through different hands, systems, and calendars, and the cracks between them are where schedules slip, and contingency disappears. A global study by Autodesk and FMI estimates that …