Ways to address fluctuating material prices in construction contracts.
When a subcontractor signs a fixed price contract, the subcontractor typically bears the risk of increased prices for materials. Under normal circumstances the subcontractor will have to absorb increases in the price of lumber, paint, PVC, metals, glass, concrete, etc. A construction attorney, however, can draft contract provisions that change how the costs of the work and material price fluctuations will be handled to mitigate impacts on the subcontractor…