Have you secured your contracts against inflation?
Inflation increases prices every year, but does your contract remember such price rises? Inflation has added more than 5 % to prices in the last 2 years alone, but still many contracts do not remember to adjust price growth.
For the clients, the absence of such a clause is advantageous, as the price remains the same over time regardless of inflation, however, for the contractors, the absence of an inflation clause can mean a gradual reduction in profits.
Are you negotiating a new contract and do not know how to defend against inflation or do you need advice on revising existing contracts? Do not hesitate to contact us!