PRICE ADJUSTMENT CLAUSE FLAWED BECAUSE NOT TIED TO CONTRACTOR’S ACTUAL COSTS
publication date: Jul 5, 2010
A price adjustment clause in a highway construction contract violated the authorization statute because it did not tie the adjustment to the contractor’s actual costs. The offending portion of the clause was stricken from the contract.
This page is available to members only. To subscribe, click here
Construction Claims Online Features and Benefits
Whether your role in the construction claims process is as a building owner, designer, contractor, facility manager, attorney or consultant, you will want to keep up with the latest developments in construction law, federal and state policy, construction process and best practices.
Whether you sign up for our free or paid content, Construction Claims Online provides information you need to achieve successful outcomes for project issues and your clients' best interests.
Avoid costly errors by understanding how the boards and courts look at typical disputes situations. Achieve successful project outcomes. Defend against unsubstantiated claims. Reduce or eliminate risks.
