Wed May 11 UTC (17 days ago)
In your timezone (EDT): Tue May 10 8:00pm - Tue May 10 8:00pm
As the global economy struggles to adapt to turbulent supply and demand conditions.
One of the noticeable ripple effects felt by the construction industry, whether through project planning, procurement, contract management or disputes, is resource cost fluctuations.
Estimates for construction work are being disrupted by these resource cost fluctuations as they increasingly impact expected project cost outcomes.
This new norm is causing uncertainty which is leading to overall project objectives being negatively impacted.
Our panel will explore the causes, impacts, consequences, behaviours, and the roles that we can play in managing resource cost fluctuations.
We will also focus on various contractual responses to resource cost fluctuations seen in the Canadian market to date, with actual examples and a discussion of practical commercial considerations when negotiating price adjustment clauses.
SPECIAL GUEST SPEAKERS:
Founder & President, Lakeland Consulting Inc.