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 ...

Last week, Construction Week reported on escalating material costs, including the price of steel, which has gone up by almost 15% within the space of a week. As good as the idea is for workers, paying ...

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 ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The Supreme Court has ruled that even if a game company supplied music through a "lump-sum payment (買切)" system, it cannot be conclusively determined that the economic rights of copyright were ...

TOLEDO, Ohio — General Motors and the United Auto Workers negotiated a Special Attrition Program in the contract the two parties agreed on in November. This would allow new retirees to get a $50,000 ...

Kuwait National Petroleum Co. (KNPC) has let another lump-sum turnkey contract to a second consortium of oil and gas service providers for work related to its Clean Fuels Project (CFP) at the Mina ...

Even if a so-called "lump-sum buyout" contract is signed under which a one-time payment is made for producing sound recordings, the economic rights to ...