The impact of inflation on construction contracts and disputes
Description
High inflation is undoubtedly putting more pressure on all businesses and the construction industry is no different. We're starting to see a gradual upward trend in disputes driven by high inflation. Naturally, inflation impacts require more attention to the level of current and requested escalation and final adjustment clauses to assure proper recovery in the event of a claim at any point in the construction schedule.
In this episode of Construction Blueprints, Philippa Pearce, Project Management Lead, GB Construction, is discussing with our special guest Dr Kieran Dineen, Civil Engineer and an independent consultant, the impact of inflation on construction contracts and disputes. Dr Kieran Dineen also provides helpful perspective on the effect of inflation on pricing and explains the three key ways contracts are priced. We also dive into the methods that can help deal with inflation outside contracts such as better design phase, offsite construction, modular build options and more.
United States
