Mark Fields on contract management
From Avoiding disputes in large capital projects with Fluor’s Mark Fields · · BIC Magazine
“A good contract, a good division of responsibility where everybody understands who owns the risk is the first foundational issue. If there's going to be contingency for a risk, who owns that contingency? It depends on whether you're in a lump sum contract or reimbursable contract. That whole alignment of interest about who has the risk and who's going to price it is critical.”
On , Mark Fields, Group President of Project Execution at FLUOR CORP, spoke about contract management during Avoiding disputes in large capital projects with Fluor’s Mark Fields on BIC Magazine.
About Mark Fields
Mark Fields, group president of project execution at Fluor, spoke at the ECC Annual PerspECCtives Conference in September 2025 about avoiding disputes in large capital projects. He stated that a good contract with a clear division of responsibility is foundational, and that collaborative models with aligned incentives for both owner and contractor teams are often the most successful. Fields advocated for early intervention tools, such as regular change meetings and the use of neutral third parties to analyze issues, and said that resolving disagreements requires maturity and a fair and balanced view from both parties. He also noted that disputes often arise when one party takes on a risk it does not control. In earlier remarks from 2024, Fields discussed his career at Fluor, describing moves from the Midwest to California, then to Africa, and later to Thailand, where he worked on a refinery project that he said transformed a small village into a town with industry and employment. He encouraged young people to be flexible and willing to move to opportunities for growth and development.