Webinar: The Fears and Risks of Tariffs and the Impact on Design

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Tariffs create economic uncertainty and concerns for the viability and status of design and construction projects. This workshop delves into how tariffs, which are taxes imposed on imported goods, can lead to increased material costs, supply chain disruptions, extended project timelines, and economic uncertainty. The workshop also discusses legal and contractual challenges that arise from this uncertainty, the potential for increased professional liability and claims, and strategies for mitigating these risks. By understanding these impacts, industry professionals can better navigate the challenges of this volatile economic environment.

• Recognize Supply Chain Disruptions: Analyze how tariffs on essential materials can disrupt supply chains, leading to delays and shortages in construction projects

• Assess the Effects on Project Timelines and Budgets: Evaluate the ripple effects of increased material costs and supply chain disruptions on project timelines and overall budgets

• Examine Legal and Contractual Challenges: Identify the legal, contractual and claim challenges that can arise from unexpected increases in material and enhanced risk inherent in material and system substitutions

• Develop Risk Mitigation Strategies: Learn strategies to mitigate the risks associated with tariffs, including communication, documentation, and recommended contractual protections