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Reviewing Construction Contracts With Recession in Mind

Article-Reviewing Construction Contracts With Recession in Mind

designer491/Alamy Stock Photo Construction contract, model of house and calculator.
Contractors need to know where they stand on a project long before times get tough.

This feature is a part of “The Dotted Line” series, which takes an in-depth look at the complex legal landscape of the construction industry. To view the entire series, click here

Construction attorney Eric Singer says construction pros today should already be preparing for whatever hardships may come, given predictions of more challenging economic conditions ahead. 

Those preparations include reviewing contracts with a potential recession in mind. Critical to the process is knowing what provisions contractors and subs are entitled to, as well as the responsibilities they have to the party on the other side, before a true economic contraction sets in. 

For more information and to read key takeaways, visit Construction Dive, our sister publication, to read the original article.  

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