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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