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For most of the last decade, owners could treat craft labor availability as their contractor’s problem. You prequalified on safety, bonding, financial strength, and relevant experience, and you assumed a qualified firm would find the people. That assumption is weaker than it used to be, and the contractor market is reorganizing itself in response. The …
Escalation clauses used to be rare. Now they show up in almost every contract involving a volatile material. They are negotiated line by line, tied to published indexes, and carefully capped and structured. The industry got good at this. Legal teams argue over which index applies. Estimators set trigger points. Owners and contractors negotiate exactly …
For decades, compliance has been treated as overhead. Something contractors had to manage, but rarely something they expected to create value. It lived in filing cabinets, spreadsheets, payroll offices, and three-ring binders that only became important when an auditor came knocking. The objective was straightforward: stay compliant, avoid penalties, and keep projects moving. But that …