Price Escalation Continues to be the Top Issue but Some Companies Found Success
Post date
October 14, 2022
Body
Price escalation and supply chain disruptions continue to register as the number one issue in construction contracts today. The absence of a price escalation clause is considered a “killer clause” for many general contractors working on private vertical construction. Public owners are taking notice as well.
Now there are some success stories of public owners addressing price escalation in their contracts and through contract administration.