Contracts Blog

Wood Fuels Saudi Arabia's Gas Expansion with 7-Year Aramco Deal

Wood has secured a major contract with Saudi Aramco to support its expansive gas infrastructure project across Eastern Saudi Arabia. Expected to require an impressive one million engineering hours, the deal includes project management consultancy (PMC), as well as Pre-FEED and FEED engineering services. 

Topics: Contracts energy sector

RTX Secures $1.3B F135 Engine Upgrade Contract: Boosting F-35 Power

Through its subsidiary Pratt & Whitney, RTX Corporation has secured a contract valued at $1.3 billion from the U.S. Department of Defense to upgrade the F135 Engine Core. The upgrade will support increased performance and longevity of the F-35 fighter jet, a key aircraft used by various departments in global military operations. 

Topics: Contracts Military Aviation

Blockchain Meets AI: The Dynamic Duo Revolutionizing Contract Management

Picture this: You're at a tech conference, and you overhear someone say, "We're combining blockchain and AI for our contract management." Your first thought might be, "Whoa, that's a lot of buzzwords in one sentence!" But hold onto your hats, folks, because this power couple is about to rock the world of contracts like never before!

Topics: Contracts AI Blockchain

Red Flags to Watch for: Common Contract Pitfalls for Startups

For startups, contracts are foundational tools that establish partnerships, secure funding, and govern daily operations. However, contracts that seem straightforward can contain hidden pitfalls that lead to disputes, hinder growth, or impose unnecessary costs. 

Topics: startups Contracts

Accenture Federal Services Wins $1.6 Billion Air Force Contract

Accenture Federal Services LLC (AFS), based in Arlington, Virginia, has secured a major contract with the U.S. Air Force valued at $1.6 billion. The contract was awarded on a firm-fixed-price, time-and-material task order basis under the General Services Administration (GSA) multiple award schedule and will focus on providing enterprise-scale cloud services and cloud software management.

Topics: Contracts Corporate news

Halliburton Wins Petrobras Contract for Offshore P&A Services

Halliburton has secured a significant contract for offshore well intervention and plug and abandonment (P&A) services from Petrobras in Brazil. The contract, awarded in early August 2024, involves providing specialized services aimed at safely decommissioning no longer productive wells. 

Topics: Contracts energy sector

Crafting Win-Win Agreements: A Masterclass in Collaborative Negotiation

In today's fast-paced business landscape, the art of negotiation is undergoing a seismic shift. The age-old model of adversarial bargaining, where one party's victory often comes at the expense of another's, is gradually giving way to a more enlightened approach – collaborative negotiation.

Topics: Contracts business insights Negotiation business intelligence

PwC Embraces AI Revolution, Becomes ChatGPT Enterprise Champion

PwC, a renowned name in business services, is strategically immersing itself in the artificial intelligence (AI) revolution. In a groundbreaking move, they've partnered with OpenAI, the mastermind behind the ChatGPT chatbot, not only becoming their largest customer but also their inaugural official reseller.

Topics: Contracts AI business software

Saipem Secures Multi-Billion Dollar Contracts for Offshore Projects in Angola

Milan-based engineering company Saipem is strengthening its position as a key player in Angola’s offshore energy sector, having secured multiple high-value contacts worth a combined $4.5 billion. The bulk of these contracts have been awarded by French multinational energy company TotalEnergies, one of the world’s largest oil and gas companies.  

Topics: Contracts business insights Renewable Energy Corporate news

US Defense Industry Awards Major Contracts for Cloud and Satellite Comms

The US Department of Defense (DoD) and the US Space Force have recently announced significant contract awards aimed at enhancing and modernizing the nation's defense capabilities. This article explores the details of these strategic contracts and their implications for US Defense. 

Topics: Contracts Technology strategies