Including an escalation clause in your real estate purchase contract can help keep your offer competitive while avoiding paying more than you need to secure the deal. Here's how these clauses work.
Reviewed by Caitlin Clarke Escalation clauses are often used to facilitate the creation of long-term contracts as wages or prices fluctuate over time. In these contract negotiations, the Consumer ...
As discussed in the 2018 update from Bracewell referenced above, the most common mechanism used to address this issue is a detailed price escalation clause.[2] Unlike 2018, the current Trump ...
President Donald Trump's tariffs on Canada have caused lumber prices to rise, with homebuilders warning that the higher ...
In light of the Trump administration’s imposition of 25% tariffs on imports from Canada and Mexico, construction industry stakeholders are ...
Some builders and developers say they are beginning to feel the squeeze: They have received contracts with escalation clauses to account for increased costs; waited as their suppliers delay ...
Many pushed for material escalation clauses in contracts, which allow for adjustments in pricing due to market volatility. Despite initial resistance, the pandemic pushed some owners to ultimately ...