United States:
Nerves Of Steel Needed As Firms Face Inflation, Broken Contracts And Price-Gouging
12 October 2021
Stites & Harbison PLLC
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When Elmhurst Group, a Pittsburgh-area developer, collected bids
for a new mixed-use building starting last November, the price of
the steel frame, roof and cladding panels for the $14-million
project came in $382,000 higher than expected, a big enough
disappointment to give the company pause. Overall material costs
for the project were running more than $650,000 above what was
originally calculated.
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