Category: Construction law

You have recently bought a new property at a certain price, but now at the time of delivery of the construction, your contractor announces a price higher than the initially agreed price and threatens to terminate the contract if you refuse to pay the new price. The reasons he gives you are classic, he is a victim of the drastic increase in the cost of materials and the shortage of labor related to the pandemic. Is he entitled to terminate the contract for such a reason? What are your rights and possible remedies?