In a June 26, 2009 letter to all NJ DOT consultants, the state is advising that all new contracts will no longer contain cost escalation clauses. DOT will also be seeking to change existing contracts to eliminate current clauses permitting cost escalation.
This is primarily aimed at labor escalation, meaning the DOT is seeking a labor rate freeze for all existing and future contracts.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment