Escalation Clause

Escalation Clause is a contract term that permits adjustments to the agreed-upon price based on changes in market conditions, such as increases in material costs or labor rates.

Escalation clauses help manage the risk of price volatility over the project duration.

Understanding escalation clause is part of running a tight construction operation. Projul gives contractors one platform to manage bids, schedules, costs, and communication, so nothing slips through the cracks.