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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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