PRICE ADJUSTMENT CLAUSE FLAWED BECAUSE NOT TIED TO CONTRACTOR'S ACTUAL COSTS
Supreme Court of Mississippi
Hill Brothers Construction Co., Inc. v. Mississippi
June 17, 2010
Mississippi Supreme Court has ruled that a price adjustment clause in a highway
construction contract violated the state authorization statute. The clause
pegged the adjustment to an arbitrary date, which did not necessarily reflect
the actual cost to the contractor. ... Log in to view the full text.