Business
Four Safeguards for Material and Labor Price Variability
While predicting the future is impossible, there are steps contractors can take to minimize the risk of increasing construction input prices. The key is to recognize the potential for price variability before commitments are made.
By Vernon Howerton and Tim Fandrey
October 4, 2018
Topics
Business
by Vernon Howerton
Vernon is a construction law attorney in Gray Reed’s Dallas office. He has more than 25 years of experience helping businesses avoid and resolve commercial disputes through negotiation, alternative dispute resolution and litigation, with an emphasis on construction and government contract law. Howerton also has significant experience negotiating and documenting construction contracts and advising clients on the risks associated with various transactions.
by Tim Fandrey
As an attorney and former civil engineer, Tim Fandrey’s practice is primarily focused on helping general contractors, subcontractors, property owners, and developers resolve the wide variety of claims and litigation that can arise in commercial and residential construction projects. He also advises clients on a broad range of construction transactions and negotiates associated deal documents, including owner agreements, subcontractor agreements and design agreements.
Related stories
Business
Construction Futures: June 2025 Economic Roundup
By Construction Executive
Could there be more rate cuts than the construction industry originally expected this year?
Business
It’s All Relative: The Importance of Building and Maintaining Relationships in Construction
By Chad Prinkey
In a world where relationships seem to be taking a backseat to digital “connectedness,” executives from a recent Associated Builders and Contractors’ panel discussion agree that where construction is concerned, rapport still matters.
Business
Tariffed Construction Materials Prices Rise in May
By ABC
The tariffs are taking effect—and materials prices are reflecting that.