WBC hosted the Material Shortages and Cost Escalation webinar presented by Adam Lackey with Exponent, Larry Prosen with Cozen O’Connor, Rob Wenger with WCS Construction, LLC and Bob Freas with Exponent as Moderator.
Supply chain issues and cost escalation have been at the forefront of construction news. These issues are impacting decision making and outcomes of projects across the globe. Economists and other authorities forecast supply chain issues and cost escalation to continue deep into 2022. The panel identified and discussed the current problem, proposed contractual language that can be used to allocate these risks, and discussed how your project teams can manage and potentially mitigate the risks created by these issues.
