90 Minute Law School: Material Cost Escalations

Material Price Escalations A. Background and Impacts B. Controlling Subcontractor/Supplier Escalations 1. Requiring Firm Bids 2. Segregation of PTPIM (Potentially Time and Price Impacted Materials) a. Setting baselines b. Setting Adjustment "caps" or formulas and supporting documentation requirements c. Decreases d. Availability Issues C. Customer/Buyer Impacts 1. Escalation Clauses 2. Invoking the escalation clause 3. Supporting documentation for Escalation 4. Pitfalls Presented by: James H. Landgraf, Esq. Cureton Caplan, P.C.