ARTICLE
12 October 2021

Nerves Of Steel Needed As Firms Face Inflation, Broken Contracts And Price-Gouging

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Stites & Harbison PLLC

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A full-service law firm representing clients across the United States and internationally, Stites & Harbison, PLLC is known as a preeminent firm managing sophisticated transactions, challenging litigation and complex regulatory matters on a daily basis.  The firm represents a broad spectrum of clients including multinational corporations, financial institutions, pharmaceutical companies, health care organizations, private companies, nonprofit organizations, and individuals. Stites & Harbison has 10 offices across five states.
When Elmhurst Group, a Pittsburgh-area developer, collected bids for a new mixed-use building starting last November, the price of the steel frame, roof and cladding panels for the $14-million project came in $382,000 higher than expected...
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When Elmhurst Group, a Pittsburgh-area developer, collected bids for a new mixed-use building starting last November, the price of the steel frame, roof and cladding panels for the $14-million project came in $382,000 higher than expected, a big enough disappointment to give the company pause. Overall material costs for the project were running more than $650,000 above what was originally calculated.

Click here to read this article in its entirety as published by Engineering News-Record (ENR).

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