Lump-sum -- or fixed-price -- construction contracts now account for about half of all contracts in the U.S., according to industry think tank PSMJ Resources. Generally speaking, both sides favor lump ...

Canadian design-build giant SNC-Lavalin Group Inc. said it will not bid on future lump-sum turnkey construction projects and will reorganize its infrastructure, oil & gas and mining building units ...

We’ve raised our fair value estimate for no-moat-rated SNC-Lavalin SNC to CAD 37 from CAD 35 after the engineering and construction firm reported solid first-quarter results. SNCL Services is on track ...

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 ...

General Electric (GE) recently announced they had frozen their defined benefit plan and were offering lump-sum pension payouts to about 100,000 retirees. GE will also discontinue making pension ...