The 2018 Steel and Aluminum Tariffs—Do Contractors Have Remedies?
The Trump administration's imposition of tariffs on steel and aluminum products entering the United States has been the subject of a great deal of discussion, debate and analysis. Much of the debate focuses on the purpose of the tariffs, their effect on the U.S. economy, and what retaliation other countries may take in response.
August 02, 2018 at 03:22 PM
2 minute read
|
The Tariffs
|The Effects
et seq et seq |
Contractor Options
Existing Contracts.
- Refuse to accept the cost increases without receiving additional compensation and face a potential default for nonperformance.
- Absorb the cost increases and perform as planned without attempting to recover the added cost of performance.
- Present a change order request or claim for additional compensation to recover the increased cost.
Escalation clauses. Price Adjustment Clauses. Taxes.
- 3.6 Taxes
Force Majeure. th |
Future Contracts
Mason Avrigian Jr. is a principal in Post & Schell's construction, government contracts and surety law practice group. For over 25 years, he has represented owners, contractors, subcontractors, material producers and other parties in construction matters and construction litigation in Southeastern Pennsylvania and New Jersey. He can be reached at [email protected]. Jeffrey P. Wallack is a principal in the firm's construction, government contracts and surety law practice group. He represents owners, general contractors, and specialty subcontractors in construction-related matters, from contract drafting through bid disputes, to project completion and, if necessary, claims submission and dispute resolution. He can be reached at [email protected].
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