Every week we see a multitude of press and commentary on the current global materials shortage. One common thread is that while no one seems to think this will be a permanent long-term problem, similarly no-one seems to see much improvement in the short to medium term. Although most of the commentary extolls the virtues of pro-actively managing the shortages, early notification and considerations of alternatives until recently few have suggested contractually addressing the issue.
Many standard forms of construction contract have provisions addressing…
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