Over the course of the pandemic, owners, contractors, subcontractors and material suppliers have been forced to find creative ways to address and account for the historic fluctuation in building material costs. As material prices begin to find some equilibrium, best practices learned during the pandemic should be proactively incorporated into future agreements.
This webinar will explore the historical practices in contract and material pricing that created issues during the last year’s unprecedented price fluctuations, review some of the ways parties addressed those fluctuations, and discuss a number of practices that project participants can use to allocate or limit their risk in material supply contracts for the future.