German Road Construction Firms Seek Contract Renegotiations
Road construction companies in Germany are calling for improvements to existing fixed-price contracts signed in February. Firms argue that current market prices make those contracts impossible to fulfill. The price of bitumen has approximately doubled in a short period due to the war in Iran. The price of bitumen, a crude oil-based binder essential for asphalt, has approximately doubled since the start of the war in Iran. SWR economic reporter Michael Herr reported on the industry's alarm regarding these price surges.
Topics
Developing
- 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
SWR Aktuell
“bringen die straßenbau firmen in deutschland fordern nachbesserungen bei den schon geschlossenen Verträgen. Ihr Argument Verträge, die im Februar zu Festpreisen geschlossen worden seien, seien nun zu den jetzigen Preisen nicht mehr zu erfüllen.”
SWR Aktuell
“Die Bauindustrie ist alarmiert. Der Krieg im Iran hat die Preise für Baustoffe innerhalb kürzester Zeit in die Höhe getrieben.”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade