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The Top of the Charts for Construction Law in 2021 was Material Price Escalation Clauses According to ConsensusDocs

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ConsensusDocs recently announced, in its end-of-the-year construction law newsletter wrap-up, that the construction law article that garnered the greatest attention was Negotiating Material Escalation Clauses written by Jeanne M. Harrison of the law firm Smith Currie & Hancock LLP. It isn’t surprising that price escalation shot to the top of the charts for 2021, and this issue is not going away as a top concern for 2022. ConsensusDocs’ work in this area stands out as ConsensusDocs is the only publisher of a standard price escalation clause, the ConsensusDocs 200.1.  In addition, the ConsensusDocs Price Escalation Resource Center is the most visited and trusted webpage on this topic for construction, and includes helpful links to objective material price indices as well as examples of price escalation clauses used on federal, state, and private projects.

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