Contractors learned many lessons from 2020-2022 on material/labor availability, price escalation, and contractual allocations of risk. Prudent contractors will consider this in contracts moving forward....more
7/28/2022
/ Construction Contracts ,
Construction Liens ,
Construction Project ,
Contingency Plans ,
Contractors ,
Federal Funding ,
Labor Shortage ,
Material Suppliers ,
Price Inflation ,
Stop Work Orders ,
Supply Chain ,
Tax Incentives
Steel and other construction material tariffs necessitate careful evaluation and allocation of project cost and schedule risks. For example, when steel costs increased suddenly based solely on presidential executive orders,...more
5/3/2019
/ Bids ,
Construction Industry ,
Construction Project ,
Contract Terms ,
Cost Allocation ,
Default ,
Force Majeure Clause ,
Material Suppliers ,
Request for Proposals ,
Right To Cure ,
Risk Allocation ,
Risk Mitigation ,
Steel Industry ,
Subcontractors ,
Tariffs ,
Transaction Costs ,
Written Notice