D. Matthew Jameson III of Burns White. Courtesy photo Construction Materials: Where Are You and Why Do You Cost So Much?
This article addresses various contractual options available to parties to address the risks of material availability and price escalation.
August 09, 2022 at 12:37 PM
9 minute read
The COVID-19 pandemic has disrupted the global economy in unprecedented ways. One of the significant impacts of the pandemic has been its effect on the price and availability of construction materials. From companies reducing their production, to shipping delays caused by border restrictions, to the labor shortage as the pandemic has started to wane, material manufactures and contractors are dealing with enormous uncertainty regarding construction materials.
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