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Construction Contracts Inflation Adjustments

Bradley Arant Boult Cummings LLP

NDAA Section 822 – Contractors Should Act Now to Seek Relief

On December 23, 2022, President Joseph R. Biden signed into law the 2023 National Defense Authorization Act (NDAA) as Public Law No. 117-7776, which included Section 822: “Modification of Contracts to Provide Extraordinary...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

Stoel Rives -  Ahead of Schedule

Inflation: The Elephant in a Construction Dispute or Contract Negotiation

Inflation is hitting the country hard. Consider this: $1 million in January 2020 has the same buying power as over $1.7 million today, according to the Consumer Price Index inflation calculator. How much weaker the dollar...more

Sheppard Mullin Richter & Hampton LLP

Heads up! Inflation Adjustments To Acquisition Thresholds Are Just Around The Corner

On July 2, 2015, the FAR Council issued a Final Rule that amends the FAR, effective October 1, 2015, to implement inflation-based adjustments to certain acquisition-related monetary thresholds. 80 Fed. Reg. 38293. The...more

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