Cost-Effective Techniques to Streamline Construction Arbitration
To succeed, the parties and their counsel must cooperate before, during, and after the hearings to implement mutually agreeable measures to promote efficiency. Success requires a thoughtful, strategic approach.
August 13, 2024 at 08:01 AM
8 minute read
Special SectionsWith the right approach, arbitration can be a highly effective way to resolve construction disputes because of its potential to reduce legal fees, expert fees, arbitration fees and costs. To succeed, the parties and their counsel must cooperate before, during, and after the hearings to implement mutually agreeable measures to promote efficiency. Success requires a thoughtful, strategic approach. Following the techniques outlined below to streamline construction arbitration will ensure not only financial savings but also a more efficient arbitration process. Focusing on careful planning, effective communication and logic dramatically increases the likelihood of success.
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