At the forefront of concerns for those in the construction industry is the escalation in material prices and disruptions to supply chains that were in large part a byproduct of the pandemic. Project owners and contractors want to understand their rights with regard to these risks and also how the risks should be apportioned. In my latest column for the Daily Journal of Commerce, I look at how contractor risk is shared using a variety of methods in several types of commonly used construction contracts. I also provide some suggestions to help parties to a stalled contract negotiation find an outcome in which both the owner’s and contractor’s interests are aligned. Read the full article here.

Originally published as an Op-Ed by the Oregon Daily Journal of Commerce on July 16, 2021.

Photo of Colm Nelson Colm Nelson

Colm Nelson represents public owners, private owners and developers, general contractors, subcontractors, suppliers, design professionals, brokers and lenders in a wide variety of construction transactions, construction litigation, procurement and real estate matters. He has more than 10 years of experience in the construction…

Colm Nelson represents public owners, private owners and developers, general contractors, subcontractors, suppliers, design professionals, brokers and lenders in a wide variety of construction transactions, construction litigation, procurement and real estate matters. He has more than 10 years of experience in the construction industry and negotiates complex construction and design contracts for public and private owners. Colm represents clients in disputes over bid protests, construction defects and property damage, extra work and delay claims, errors and omissions in design documents, tenant improvements, breach of warranty, insurance coverage against insurance companies and mechanic’s liens. He also has substantial experience handling procurement issues for public, quasi-public and private entities and related projects with respect to construction, services and goods.

Click here for Colm Nelson’s full bio.