These terms were vital to contractors because, in most instances, a contractor assumes the risk of future material price escalation when entering a fixed price or guaranteed maximum price agreement.

Tariff escalation and high spare capacity skew medium-term risks to Goldman Sachs' oil price forecast to the downside, the ...

In those discussions, owners are digging into who may try to bring up a price escalation clause, who is at risk of default and who may decide to absorb increased costs. Communication needs to be ...

The cost of services fell 0.2% amid a 1.4% decline in margins for machinery and vehicle wholesaling, after rising 0.6% in ...

This feature is a part of “The Dotted Line” series, which takes an in-depth look at the complex legal landscape of the construction industry. To view the entire series, click here ...

Construction projects could be affected by new tariffs on commodity items like steel, aluminum and plumbing material but also ...

Trump threatened to impose a 200% tariff on European alcohol if the European Union does not abandon its planned tax on ...

President Donald Trump’s blunt-force use of tariffs has forged a rare bipartisan alliance among Kentucky’s top leaders — Democratic Gov. Andy Beshear and Republican Sens. Mitch McConnell and Rand Paul ...

“What they’re going to do is raise prices on the American people. A president who was elected to lower prices is actively taking steps that are raising prices.”McConnell, the former longtime ...

Getty Images, Asawin_Klabma Escalation clauses are often used to facilitate the creation of long-term contracts as wages or prices fluctuate over time. In these contract negotiations, the Consumer ...

goods prices jumped 0.4% after gaining 0.2% in the prior month. Further gains are likely amid an escalation in trade tensions. President Trump has ignited a trade war, increasing tariffs on ...

Trump said he would double his planned tariffs on steel and aluminum for Canada, prompting Ontario to back down on its ...