Impact of Steel and Aluminum Tariffs on Contractor Pricing
Recorded On: 04/24/2018
On March 8, 2018, the Trump administration imposed a 25% tariff on steel imports and a 10% tariff on aluminum imports. Although the exact impact of these tariffs on the U.S. construction industry is not yet known, many contractors anticipate that the tariffs could significantly increase the cost of steel and aluminum construction materials thereby driving up the contractor's construction costs. This webinar will address the legal and contractual issues that contractors may face as a result of price increases, including the impact of price increases on current contracts, potential legal arguments for equitable adjustments, and negotiating favorable pricing terms on future contracts.
This was the second of two Virtual Seminars on the recently announced steel and aluminum tariffs, the first session, "Tariffs - A Moving Target" was held on April 4th and economist Christopher Kuehl, walked through the latest on the steel and aluminum tariffs.
Levi W. Barrett
Senior Associate, Construction Transactions Group, Peckar & Abramson, PC, New York
Levi W. Barrett is a Senior Associate in the construction transactions group at Peckar & Abramson, PC, in New York, New York. His practice focuses on all aspects of public and private construction contracts, including contract negotiation, dispute avoidance, and contract administration. Mr. Barrett frequently advises owners and general contractors in connection with large-scale domestic and international construction projects. He also has extensive experience representing contractors in complex disputes and construction claims. He has served the ABA Forum on Construction Law as a member of its Division 13 (Government Contracting) Steering Committee, and as a speaker and editor. Mr. Barrett is also involved with the Associated General Contractors of America (AGC). He is a member of the AGC's Contract Documents and Alternative Documents committees and actively participates in drafting and revising ConsensusDocs construction contracts and is a frequent contributor to the AGC's publications. He graduated with a degree in economics from San Francisco State University, and obtained his law degree from Syracuse University College of Law.
Lori Ann Lange
Partner, Peckar & Abramson, P.C., Washington, D.C.
Lori Ann Lange is a partner in the Washington, D.C. office of the law firm of Peckar & Abramson, P.C., where she specializes in government contract law, bid protests, and corporate compliance counseling. Ms. Lange represents a range of government contractors, including construction contractors, major defense contractors, informational technology contractors, and service contractors in all aspects of contracting with the federal government.