Analysis

3 Tips For Construction Lawyers Amid Rising Inflation

By Andrew McIntyre (February 25, 2022, 5:35 PM EST) -- All eyes in the construction world are on rising prices with inflation at levels not seen in decades, but keeping a few points in mind can go a long way toward achieving success when negotiating new contracts.

Attorneys say on the one hand, understanding how to incorporate price escalation clauses into contracts is a key part of the equation. But now more than ever, parties also need to scrutinize contracts to make sure it's clear which sides bear the risk. Inflation, lawyers say, could get even worse in 2023.

It's also important to understand how force majeure fits into the current...

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