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Home ยป The Trouble with Tariffs for Construction and Possible Solutions
Construction Law

The Trouble with Tariffs for Construction and Possible Solutions

February 14, 2025Updated:February 21, 2025No Comments2 Mins Read
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Economic with stock exchange market showing stock chart down and in red negative territory. Business and financial money market crisis concept. Illustration.
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Tariffs are not the most beautiful word for the construction industry. Addressing tariffs in existing contracts are difficult in lump sum contracts that do not contain a price escalation clause. Tariffs unexpectedly increase the price of materials while fees and the contract price are fixed lump sum. Alternatively, cost-of-the-work agreements...

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Latest News

Construction Spending Decreases By 0.3 Percent From April To May And 3.5 Percent Over 12 Months, Marking Largest Yearly Drop Since 2019

July 1, 2025

Only Half Of Metro Areas Add Construction Jobs From May 2024 To May 2025, As Owners Pause Or Cancel Work Amid Tariff And Policy Uncertainty

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