Covid-related Price Escalation and Supply Shortages | Legal and Practical Ways to Mitigate this Unprecedented Risk in Construction

The industry is facing unprecedented price swings and supply shortages that has made the risky business of construction even more unpredictable. There is no magic bullet, but a price escalation clause and other legal remedies are first thing you should look to.

This timely webinar presented by the Director and Senior Counsel of ConsensusDocs will explore contractual remedies, including using the ConsensusDocs 200.1 Price Escalation Clause as ways for owners and contractors alike to mitigate the uncertain risk of price spikes and supply shortages.

You will also learn about practical negotiation strategies and techniques applicable for public and private work as well as contrasting strategies for existing contracted work vs. work not yet under contract.

Objectives:
• Understand how a price escalation clause can provide equitable relief for owner and contractors.
• Understand how certain price escalation clause can be written to be more or less acceptable to owners.
• Learn other contract negotiation strategies to mitigate against price escalation including cost of the work; force majeure; change of law; allowances; and the early procurement of materials should be considered.

This CLE is approved for credit through December 12, 2023.

Presenter:
Brian Perlberg
| Director and Senior Counsel | ConsensusDocs

CLE Credits:
1.0 Standard CLE Credits | Event Code: 426815

Cost:
MSBA Members:  $29.95
Non-MSBA Members:  $64.95

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$64.95