On Wednesday, August 25 from 12:00 PM-1:00 PM, two of our partners and members of our construction industry team hosted a virtual panel discussion with industry leaders on the hot button issue of the rapid escalation of construction material and labor prices we are experiencing across the industry.
In addition to two attorneys from Jimerson Birr’s construction industry team, three guest panelists shared insight, implications, trends, and best practices from the unique perspectives of general contractors, trade subcontractors, and material suppliers. Key issues covered were:
- Industry trends and where things may be headed related to construction material and labor prices
- Tips on ways to plan and prepare for escalating prices in the current volatile market environment
- Ways to try to hedge and protect yourself in bids and contract negotiations
- What to do if prices materially escalate mid-stream during the course of a project
Partners Austin B. Calhoun, and C. Ryan Maloney led the panel discussion, and they were were joined by industry leaders Carson McCall (Perry-McCall Construction), David Sheffield (Coastal Construction Products), and Brent Zimmerman (Miller Electric Company).