During execution of a large construction project, the contracted logistics company raised their price because shipping containers were unavailable. What should the project manager do?

The project manager must first assess the impact of the price increase on the project's budget, schedule, and scope. This assessment informs the next steps, which involve consulting the existing contract and any relevant global or organizational guidelines regarding price changes, force majeure, or dispute resolution. This ensures a structured and compliant approach. Agreeing to absorb the price increase without assessment is premature and could negatively impact the project. Terminating the contract is a drastic measure that could lead to further delays and costs, and may not be permissible or practical. Stating the price increase is unacceptable without further action or contractual basis is an insufficient response.