Arbitration in Construction projects: How SeaCity Makes Dispute Resolution More Efficient
In the construction industry, disputes are unfortunately quite common. From violations of specifications for materials and workmanship to contract breaches, delays, and payment defaults , conflicts can arise at multiple stages of a project. The complexity of construction contracts often leads to disagreements over interpretations, scope changes, maintenance liabilities, and cost escalations. Fortunately, Arbitration offers a streamlined, cost-effective alternative to courtroom litigation. What Is Arbitration? Arbitration is a form of Alternative Dispute Resolution (ADR) , which allows parties to resolve their conflicts outside the traditional court system. It involves a neutral third party — the arbitrator — who hears the case and makes a legally binding decision , known as an award . Especially in the construction industry, arbitration has become a widely accepted and often preferred method of handling disputes due to its efficiency, flexibility, and reduced cost. Arbitratio...