Mitigating Risks of Material Price Increases
As many contractors and subcontractors within the Southwest Florida construction industry are aware, material demand and prices have and continue to increase, while delays in receiving materials have been equally plummeting due to COVID-19 pandemic and more recently, Hurricane Ian. The impacts to the Southwest Florida construction industry are still being felt and many owners, contractors, subcontractors, and material suppliers have been actively seeking ways to equally mitigate their respective risks.
As prices continue to escalate due to the volatility of the material markets, contractors and subcontractors need to be aware of certain contractual provisions that – depending on how they are phrased – may positively or negatively impact your business.
To learn more about how to mitigate your risk of material price increases and what to be aware of, read the article below!
George W. Gift, III, Esq. & Asher E. Knipe, Esq.
June 1, 2023 Share This