Brian Reid and Lily Suh discuss how construction industry stakeholders can manage tariff-related risks through effective contract drafting in the July 2025 issue of ReNew Canada. They examine the renewed trade tensions between Canada and the United States and their impact on procurement, pricing and project execution. The article outlines key contractual approaches, such as tax and duty clauses, change in law provisions and force majeure terms, to address cost fluctuations tied to tariffs. It also offers practical guidance for allocating risk in future contracts and preserving entitlements under existing agreements.
The full article is available here.
Bennett Jones