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 20, 2023.
Presenter:
Brian Perlberg | Director and Senior
Counsel
|
ConsensusDocs
CLE Credits:
1.0 Standard CLE Credit | Event
Code: 426815
Cost:
MSBA Members: $29.95
Non-MSBA
Members: $64.95