News & Analysis as of

Construction Contracts Contractors Price Inflation

Woods Rogers

Now That’s A Steel: VDOT Issues Memorandum for Steel Escalation Price Adjustments

Woods Rogers on

Construction material prices have been extremely volatile, negatively impacting virtually all projects. Recently, VDOT issued guidance on steel escalation, but for VDOT projects only...more

Hahn Loeser & Parks LLP

Contracting Issues for 2022 - Hahn Loeser

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

White & Case LLP

Construction Projects: Issues with Cost Estimates

White & Case LLP on

The cost of construction materials has risen like never before. This, in turn, creates pressure for parties to use cost estimates and budgets rather than "fixed price" contracts. Providing cost estimates can therefore be...more

Snell & Wilmer

Cost Escalation - Are You Ready? Contract Tune Up for 2022

Snell & Wilmer on

Looming large on the 2022 construction landscape horizon is the specter of cost escalation claims. Over the past year, rising prices have become extreme, and the clauses governing cost escalation have come under greater...more

Snell & Wilmer

Construction Cost Impacts Post COVID-19: Cost Escalation and Delay

Snell & Wilmer on

The current state of the construction industry as it concerns cost escalation and supply issues is one of uncertainty and time of performance problems resulting in increasing costs. There are major disruptions and delays in...more

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