Amy Wolfshohl | Porter Hedges With material cost volatility in the current market, the topic of price escalation clauses is more prevalent. Some material costs are up and other costs are now down. Traditional lump sum contract structures do not take into account price escalation or de-escalation; whereas cost plus structures entirely and naturally account… Continue reading Price Escalation Considerations in Construction Contracts
Tag: Price Escalation
Price Escalation in Construction Projects: How to Protect Your Interests
Samantha Carmickle | Winthrop & Weinstine The COVID-19 pandemic has had implications that no one ever expected (toilet paper shortage anyone?). Added to the ever growing list of unanticipated consequences: price escalation in construction projects. In April 2021, supply chain disruptions started leading to increased costs associated with construction projects, and those increased costs have… Continue reading Price Escalation in Construction Projects: How to Protect Your Interests