Europe is highly dependent on Russian natural gas to generate electricity and provide heat. As Russia’s invasion of Ukraine continues to drag on, and the NordStream pipeline has largely been placed...
With more than $4 trillion of tax increases scheduled to take effect at the end of 2025, given the sunsetting provisions of the Tax Cuts and Jobs Act (TCJA), 2025 will be the most consequential year for...
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Major design-build projects have been in the news over the past few years for the wrong reasons. From the I-4 Ultimate in Florida to the Purple Line in Maryland (procured through a public-private partnership), to another Purple Line on the West Coast, in Los Angeles (where Skanska is suing LA Metro for nearly $2 billion in damages), major heavy civil projects procured through design-build have been problematic in nearly every corner of the country.
In response, the industry has started to shift to more collaborative procurement models, including progressive design-build, integrated project delivery, and alliances, all of which have historically been more pervasive overseas but are increasingly gaining traction in the U.S. Each of these models purport to de-risk large, complex projects by, among other things, deferring agreement on a construction price until the design reaches a higher level of completion.
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