FPS Podcast #38 - Cost Escalation in Construction Contracts

In construction, cost escalation is not an uncommon thing as the price of raw building materials fluctuate often.  More recently, prices have been increasingly volatile since the start of the pandemic due to swings in supply and demand as well as political posturing.    In this episode, James Newland of Seyfarth Shaw's construction practice discusses cost escalation and the remedies during and after negotiations have commenced.