October 08, 2021

Nerves of Steel Needed as Firms Face Inflation, Broken Contracts and Price-Gouging

by Richard Korman, Jonathan Barnes and Greg Aragon, Engineering News-Record (ENR), October 7, 2021

When Elmhurst Group, a Pittsburgh-area developer, collected bids for a new mixed-use building starting last November, the price of the steel frame, roof and cladding panels for the $14-million project came in $382,000 higher than expected, a big enough disappointment to give the company pause. Overall material costs for the project were running more than $650,000 above what was originally calculated.

Click here to read this article in its entirety as published by Engineering News-Record (ENR).

Related Capabilities
Drafting, Reviewing & Negotiating Construction Contracts Construction Federal, State & Local Public Construction and Procurement Health Care - Construction Fabricated Structural Steel