Arbitration in construction entails dispute(s) arising from violations of specifications for materials and workmanship, multiple delays/hindrances, violation of terms of the agreement, interpretation and/or application of contractual provisions, commencement time and delays, maintenance and defects, payment defaults and changes in contract costs.
Arbitration is a method of resolving disputes that often occur in the construction industry. It is a form of alternative dispute resolution (ADR), which means that it is a way to resolve disputes outside of the traditional court system. And that process is known as Arbitration Service.
In arbitration, a neutral third party known as an arbitrator, is appointed to hear both sides of the dispute and make a decision. The arbitrator’s decision, known as an award, is typically final and binding on both the parties.
Arbitration can be a quicker and less expensive way to resolve disputes than going to court, and it can also allow the parties to choose an arbitrator who has expertise in the specific area of the dispute, such as construction.
Arbitration can be either voluntary or mandatory, depending on the terms of the construction contract. In mandatory arbitration, the parties are required to resolve their disputes through arbitration, rather than going to court. In voluntary arbitration, the parties can choose to resolve their disputes through arbitration if they wish.
It is important for all parties involved in a construction project to understand their rights and responsibilities in the event of a dispute, and to be familiar with the process of arbitration if it is included in their contract.
SeaCity can assist you in resolving a wide range of issues, large or small. Our arbitrators are experienced specialists who have resolved claims involving conflicts between businesses and individuals, and disputes between corporations. If you have ever signed a contractor suffered monetary damages as a result of a business or individual agreement, we may be able to help you through mediation or binding arbitration.
We are intended to be simple to use and comprehend. We use arbitration to resolve claims in a more timely, efficient, and cost-effective manner than traditional litigation. Our procedure is so effortless that anyone without formal expertise or legal representation can participate in the arbitration.
Our proprietary software helps participants through the process by providing timely reminders of all events and tasks that require attention. There is no need to worry about missing deadlines because we automatically notify all parties of upcoming time restrictions and steps that need to be completed.
All parties have their own unique home page, which allows them to quickly track the status of their arbitration/mediation. The Arb-ITTM system enables parties to upload evidence to our cloud-based service from nearly any desktop or mobile device, preserving e-mails, voicemails, images, witness statements, police reports, video and audio recordings and so on.
Transactions between firms and people frequently turn into disputes of various sizes. A fair alternative to spending time and money in court to resolve these kinds of disputes is binding arbitration.
The state of a company’s finances can be significantly impacted by unpaid claims and receivables. Due to the expense and delay involved in litigation or other conflict resolution options, smaller business disagreements frequently go unsolved. A straightforward, affordable solution is provided through the arbitration of disputes with us.
Our Team adopts a “Managed Arbitration Process” consisting of checklists and processes to make the arbitration procedure more efficient and provide attorneys with peace of mind that the process will be fair, professional and fast.