Impact of Steel and Aluminum Tariffs on Contractor Pricing
Location: NASBP - Bethesda, Maryland
Start Date: April 24, 2018
End Date: April 24, 2018
Start Time: 2:00 pm
End Time: 3:00 pm
Speaker(s): Levi W. Barrett,
Practice Area(s): Construction & Infrastructure, Surety,Register
Lori Ann Lange, Partner in Peckar & Abramson’s Washington, DC office, and Levi W. Barrett, Senior Associate in Peckar & Abramson’s New York Office, will speak at the National Association of Surety Bond Producers (NASBP) virtual seminar on Tuesday, April 24, 2018.
On March 8, 2018, the Trump administration imposed a 25% tariff on steel imports and a 10% tariff on aluminum imports. Although the exact impact of these tariffs on the U.S. construction industry is not yet known, many contractors anticipate that the tariffs could significantly increase the cost of steel and aluminum construction materials thereby driving up the contractor’s construction costs. This webinar will address the legal and contractual issues that contractors may face as a result of price increases, including the impact of price increases on current contracts, potential legal arguments for equitable adjustments, and negotiating favorable pricing terms on future contracts.