Article Date: 04/19/2004

THREE STEPS TO MINIMIZE LOSSES DUE TO STEEL CRISIS

By Jayne Czik, Esq.
Contributing Editor

Several economic factors have led to a severe and widespread steel shortage and price increases of up to 40% resulting in a construction industry steel crisis. The Federal Highway Administration has determined that it is barred from approving the use of federal funds for retroactive price adjustments to existing contracts. ... Log in to view the full text.

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