Inflation has spared no part of the U.S. economy, but the construction market in particular is feeling its effects, and it is crucial that owners , contractors, and design professionals be cognizant of the risks presented by inflation and aware of and understand the options to mitigate them. In my latest column for the Daily Journal of Commerce, I answer the following questions construction industry professionals may have regarding mitigating the risks arising from inflation:
- Where does my contract address inflation?
- Can I recover damages specifically for inflation?
- Does prejudgment interest compensate for inflation?
You can read the full article here.
Originally published as an Op-Ed by the Oregon Daily Journal of Commerce on June 16, 2022.