Through the Roof - Material Price Escalation and Construction Services
“Through the Roof” Material Price Escalation
and Construction Services

 The Problem

  • Material prices increasing
  • Most construction contracts are fixed-price contracts and can take a year or more to
    complete
  • Such contracts are typically based on material prices estimated at the beginning of the project

  • Most construction contracts/projects today have relatively slim profit margins
  • Delayed delivery of materials due to shortages
  • Can delay an entire project and put contractors at risk of liquidated damages, extended overhead, etc.

 

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