Ronald D. Ciotti will be presenting “Tariffs, Taxes and Trade Wars: Mitigating the Risk of Material Price Escalation for Contractors” at the Associated Builders and Contractors (ABC) New Hampshire/Vermont Chapter. Learn more about the event here.

Tariffs, Taxes and Trade Wars: Mitigating the Risk of Material Price Escalation for Contractors

Current economic conditions and recent changes to trade policy governing the importation of goods crucial to construction activities—aluminum, steel, fuel, etc.—have had a significant impact on the cost of these and other goods in recent years. As a result, owners and developers must be prepared with strategies to mitigate the risk of material price escalation in order to preserve the feasibility and profitability of their projects. There are a series of risk-mitigation strategies available at different stages of a project. The most effective risk-mitigation strategy, however, is the inclusion of a thoughtfully drafted material price escalation clause in the contract itself.

About the ABC:

Associated Builders and Contractors (ABC) is a national construction industry trade association representing nearly 21,000 chapter members. Founded on the merit shop philosophy, ABC and its 70 chapters help members develop people, win work and deliver that work safely, ethically, profitably and for the betterment of the communities in which ABC and its members work. ABC’s membership represents all specialties within the U.S. construction industry and is comprised primarily of firms that perform work in the industrial and commercial sectors.