Material pricing and how to protect contractors

Michael Klein joins us from the law offices of Blumling & Gusky, LLP to share his expertise on building materials and the impact they have on contracts.  With the pandemic slowing down (or picking up, depending on where you live) the supply chain has impacted the construction industry around the globe.  Today, we talk about this growing trend and how contractors can protect themselves legally.

Klein shared with Jon and Chris several tips for contractors, including understanding the current risk factors, identifying problems as soon as possible, communicating those issues effectively, and calming expectations during this time. Klein was very straightforward when he said, “it is the responsibility of the contractor to discuss any cost escalations or time delays with the owner to partner in solving these challenges.”