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Dealing With the Ups & Downs: The Importance of Price Escalation Clauses in Construction Contracts



Vanessa Triplett, a Miller Nash construction law attorney, was published in the Summer 2019 issue of the NAMC-OR Newsletter. The newsletter is published by the National Association of Minority Contractors—Oregon and the Daily Journal of Commerce. The link to the full story is available below.

In this era of trade wars and tariffs, the likelihood that fluctuating building material costs will derail present and future construction projects is greater than ever. This is because over the past year the volatile world economy has made the price and availability of essential building materials such as steel, aluminum, lumber, asphalt, copper, and quartz increasingly uncertain. Without predictable access to standard construction materials, owners and contractors now face critical hurdles in building and completing construction projects on time and within budget.

Click here to read the full article.

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