New Legal Form

Protecting Yourself From Price Increases

Rising prices can convert a profitable venture into a catastrophic financial failure. To help protect contractors, CLCA created a new legal form focusing on increases in the cost of materials. The form, an easy-to-use fill-in-the-blanks PDF, can be downloaded here.With the looming possibility of tariffs causing sudden and significant increases in the prices of building materials within the construction industry, contractors, subcontractors and others who contract to perform construction work can suffer significant losses. This is particularly true when the prices they must pay for materials rise significantly between the time they sign a contract to provide materials and actually purchase the materials necessary to meet contractual obligations.

Our friends at the Porter Law Group — the voice of CLCA’s popular Attorney on Call member benefit — offer additional guidance. READ>