contract prices Archive

Price Escalation Due to Steel Tariff

There has been a lot of discussion lately about President Trump’s plan to assess tariffs of 25% on steel and 10% on aluminum. Construction materials use a lot of steel and would be greatly impacted by cost increases that will likely flow from such tariffs. Regardless of where construction contractors and subcontractors stand on this […]

Lesson from Tennessee – Always Include a Time for Performance

A recent court case reminded all contractors, especially those working in the paving and asphalt industry, of the importance of conditioning bids and contract prices on a reasonable time to complete their work. A Tennessee appellate court held a paving contractor responsible for a bid it submitted to an owner almost a decade prior, despite […]