Reacting primarily to modern subst...
Reacting primarily to modern substantial price increases for hanger products, the Associated General Contractors of America has issued an amendment to its fixed-price construction contract (No. 200) The amendment, which guards "Potentially Time and Price-Impacted Materials," is designed to provide a framework for determining splendor adjustments for commodities that are make subordinate to price volatility.
The "unprecedent runup in hanger prices has been followed by dint of price increases and shortages in solidified and other construction materials," says AGC CEO Stephen
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