News & Analysis as of

Price Inflation Inflation Adjustments

BCLP

The only way is up?

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We all see inflation rates having one direction only at the moment… Up. And higher inflation rates are bringing price adjustment clauses increasingly into focus in contract drafting. They are an effective means of...more

Hogan Lovells

Development and the challenge of rising inflation: a European comparison

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It’s almost impossible to escape stories of rocketing inflation and increasing costs globally. The development industry isn’t immune to these pressures but is there more to this trend than the increased cost of materials? ...more

McDermott Will & Emery

REAL ESTATE UPDATE: Changeover of the Consumer Price Index to the New Base Year 2020

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The Consumer Price Index for Germany (CPI) is both updated monthly in line with current price developments and, as a rule, subjected to a fundamental revision at five-year intervals and switched to a new base year....more

Constangy, Brooks, Smith & Prophete, LLP

Happy new year, OSHA penalties went up again

In 2015, Congress decided that penalties for violations of the Occupational Safety and Health Act should automatically increase each year by the previous year’s rate of inflation. This decision was signed into law as the...more

Husch Blackwell LLP

Inflation Adjustments for Defense Contractors Under Section 822 of the 2023 NDAA

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Section 822 of the 2023 National Defense Authorization Act, Public Law No. 117-7776 (Dec. 23, 2022) provides new authority for some defense contractors and subcontractors to obtain price increases that address the impacts of...more

McDermott Will & Emery

REAL ESTATE UPDATE: Indexklauseln in Gewerbe- und Wohnraummietverträgen: FAQ für Vermieter und Mieter

McDermott Will & Emery on

Eine Indexklausel, auch bekannt als Wertsicherungsklausel, findet sich in vielen gewerblichen Mietverträgen. Mit einer Indexklausel sollen inflations- und deflationsbedingte Wertveränderungen sowohl zugunsten als auch...more

Blindauer Law PLLC - Government Contracts...

An In-Depth Examination of Inflation Relief for a Government Contractor

Inflation is generally down from 2021, but is still high in too many places, and is expected to persist in 2023.   With inflation eroding value for this long, a Government contractor may need to obtain contract relief.  ...more

PilieroMazza PLLC

Overcoming the Inflation Crisis: The Ins-and-Outs of Extraordinary Contractual Relief for Government Contractors

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An all but forgotten remedy in government contracting, Extraordinary Contractual Relief (ECR), is in the midst of a potential resurgence due to the Department of Defense’s (DOD) most recent memorandum on inflation entitled...more

Wiley Rein LLP

DOD Signals Potential Inflation Relief for Fixed Price Contracts

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WHAT: The U.S. Department of Defense (DOD) is now signaling that it may be more willing to consider requests for equitable adjustment to firm-fixed-price contracts to compensate contractors for the effects of inflation....more

Adams and Reese LLP

DOD Addresses Inflation-Based Requests for Price Adjustments

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Prices are going up everywhere — at the supermarket, at the gas station, and online — with no apparent relief in sight. Construction is feeling it, too, with costs of materials skyrocketing. Unfortunately, based on recent...more

Brownstein Hyatt Farber Schreck

Senate-Passed Inflation Reduction Act (IRA): Tax Policy – Summary and Analysis

This document summarizes the tax provisions included in the Inflation Reduction Act (IRA) of 2022 that passed the Senate on Aug. 7, 2022. Modifications made to the bill by floor amendment are bolded and highlighted in blue. ...more

Brownstein Hyatt Farber Schreck

Senate Concludes Vote-a-Rama, Passes Inflation Reduction Act

The Senate voted to pass the $750 billion Inflation Reduction Act (H.R. 5376) along party lines (51-50) this afternoon, concluding a marathon session that began Saturday evening. As expected, Vice President Kamala Harris cast...more

White & Case LLP

Construction Projects: Issues with Cost Estimates

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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

Obermayer Rebmann Maxwell & Hippel LLP

Inflation and The Consumer Price Index Calculating Rent in Commercial Real Estate Leases

During the past couple of decades, landlords of commercial leases have routinely used a fixed percentage rate to calculate yearly increases in base rent (i.e., a two to three percent increase per lease year). However, the...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

Bradley Arant Boult Cummings LLP

New DoD Guidance on Inflation and Economic Price Adjustments

In response to industry questions about economic price adjustments for inflation, the Department of Defense (DoD) recently issued Guidance on Inflation and Economic Price Adjustments...more

Venable LLP

Concerned Over Inflation? DOD Issues Guidance to Contracting Officers Relating to Current and Future Contracts

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Following on the heels of the coronavirus pandemic, high inflation now presents itself as the latest major challenge for government contractors. Inflation is on the rise, reaching levels that have not been seen in more than...more

Amundsen Davis LLC

Contract Drafting During Historic Inflation Increases

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According to the Consumer Price Index (CPI), the United States is facing the highest inflation numbers in over 40 years. On April 12, 2022, it was announced that the CPI has increased 8.5% over the last 12 months, based on...more

Opportune LLP

Asset Retirement Obligation Rate Considerations In An Inflationary Market

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Why you should be cautious about using today’s higher inflation rates in your asset retirement obligation calculation....more

Holland & Knight LLP

Actualización de Venezuela: 16 de enero de 2020

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El Equipo de Enfoque de Venezuela de Holland & Knight lo invita a leer nuestra Actualización de Venezuela, en la que discutimos las últimas noticias, tendencias y desarrollos en Venezuela que afectan los intereses de las...more

Holland & Knight LLP

Venezuela Update: January 16, 2020

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Holland & Knight's Venezuela Focus Team invites you to read our Venezuela Update, in which we discuss the latest news, trends and developments in Venezuela that impact the interests of businesses across all industry sectors....more

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