Economic Volatility on Construction Projects

Construction is very difficult in the best of circumstances. Recent years have seen significant volatility in the economic market for construction materials, caused by supply chain constraints, inflation, and most recently the prospect of potential tariffs. Construction projects are impacted by these new risks when additional costs are incurred, resulting in busted bids and busted budgets.  Project stakeholders are looking for ways to mitigate these threats to their bottom line.  This presentation, comprised of an attorney and engineer, will discuss real world approaches to contract negotiations and project management to attempt to mitigate the risk of economic volatility and reduce additional costs before it impacts your project.