October 3, 2022
NASBP published a blog post co-authored by National Construction Leader Joseph Natarelli with Jared Cohane and Peter Martin of Hinckley Allen, about volatility risk in material prices and availability.
NASBP
By Joseph Natarelli, National Construction Industry Group Leader, Jared Cohane, Hinckley Allen & Peter Martin, Hinckley Allen
Excerpt:
Contractors and owners should use the bid phase to hold an open dialogue about how they’ll address the current economic uncertainty in a fair and equitable manner. By fairly allocating this risk in the beginning and negotiating reasonable contract provisions, the parties can avoid impacts during construction and, ultimately, litigation.
