Construction attorney Eric Singer is a huge Game of Thrones fan, so it’s fitting that he points to the HBO series’ best known mantra when it comes to a potential recession in 2023: Winter is coming.
Like the members of the saga’s House Stark who adhere to that motto, Singer says construction pros today should already be preparing for whatever hardships may come, given predictions of more challenging economic conditions ahead.
Those preparations include reviewing contracts with a potential recession in mind. Critical to the process is knowing what provisions contractors and subs are entitled to, as well as the responsibilities they have to the party on the other side, before a true economic contraction sets in.
