Ronald D. Ciotti, partner in the Construction & Public Contracts group, discussed the impact that the recent Trump administration tariffs may have on the construction industry, particularly project timelines and budgets.
“Many new projects will no longer pencil out, causing an overall reduction in the number of new projects,” said Ciotti. “Owners and developers will be concerned with delays due to supply chain disruption and product shortages, and being gun shy from having just dealt with those issues through the COVID years, will decide to put their projects on ice until there is more confidence in the flow of goods and materials.”
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