Rise and fall clauses could be another tool to hang on a constructor’s belt
With construction industry participants seeing an increase in costs, rise and fall clauses have been floated as a solution for easing current cost pressures.
Essentially, a rise and fall clause in a construction contract shifts key project pricing risks from the contractor to the principal.
In this update, W+K’s Construction PI specialists Aaron Bolton, Robert Finnigan and Andrew Moore explore this potential risk management tool for the industry and how it might be viewed by the insurance industry.
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