The Use of Escalation Clauses to Deal with Abnormal Fluctuations in the Economy.
AIR FORCE INST OF TECH WRIGHT-PATTERSON AFB OHIO SCHOOL OF ENGINEERING
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In order to adjust contract prices for changes in the level of the economy, the use of escalation provisions in contracts has been investigated. Included in this investigation is an examination of the objectives and construction methods of these escalation clauses. The various elements that should be considered and contained in an escalation clause are also analyzed. Emphasis is placed on the use of escalation in military and commercial contracts. Recommended guidelines for escalation clause construction are suggested. Author
- Administration and Management
- Economics and Cost Analysis