The United States is on the precipice of a massive skilled labor shortage, according to the 2017 Commercial Construction Index.
What does this mean for the construction industry? Owners and contractors should take extra care when aligning labor with projects – and that starts during contract negotiations:
• Carefully review adequate labor provisions.
• Review language surrounding project timing.
• Be realistic when discussing pricing and labor availability.
Be careful to avoid surprises once work begins. And, as always, taking time to have contracts reviewed by a qualified legal team is the best way to ensure that all available options have been explored.
– Joshua Lorenz, Meyer, Unkovic & Scott