In an article titled “Navigating supply chain challenges in construction,” Partner Michael Cortez and Associate Katie Gourley write that, while it has never been simple to manage construction supply chains, “the COVID-19 pandemic further exacerbated such challenges, resulting in ongoing supply chain disruptions and delays.”
Their piece addresses the current state of the construction industry “and how parties can successfully navigate the current volatile market.” It covers supply and demand “imbalance” resulting from labor and material shortages; the impact of these shortages on contract negotiations; practical methods contractors have employed to address the current challenges; best practices for negotiating construction contracts that result in successful project delivery; and specific strategies for managing supply chain and labor shortages.