Insights

The One Big Beautiful Bill is now Public Law 119-21, passed on July 4, 2025. The law features several powerful new financial incentives, including the Special Depreciation Allowance for Qualified Production Property (Section 70307). This article is for decision-makers to better understand and leverage the law in planning, designing, and implementing a related CapEx project.

The delivery and contracting of an industrial facility project are complex processes involving many parties performing a wide array of services that support design, engineering, pre-construction, construction, and commissioning solutions. This article discusses construction contract types, the importance of a properly aligned contract, how to choose, and a comparison of the most common types used for high-performance industrial facility projects.

Project delivery methods can either support or raise barriers to capital project success. Selecting the proper project delivery method is vital for optimizing project development and execution strategies for high-performance industrial facilities.

In capital project circles, “value engineering” (VE) is often considered a smart move. Even the title sounds like a winner. Who doesn’t want value? And sometimes VE does what the title implies: Adds value to a project. Sounds great! Indeed, VE is regularly used to improve an existing design just before construction. But in that context, is it actually a good thing, or is it an indicator of an underlying issue? This article explores Value Engineering: What it is meant to be, how it’s misused, and what to do instead.