Question
Explain mediation and arbitration processes in construction industry. What are some of the relevant legal provisions?
Answer :
Word Count : 487
Mediation and arbitration are important alternative dispute resolution (ADR) mechanisms widely used in the construction industry to resolve conflicts efficiently without resorting to lengthy litigation. Construction projects involve multiple stakeholders such as owners, contractors, subcontractors, consultants, and suppliers, and disputes commonly arise over delays, cost overruns, quality issues, variations, and payment claims. ADR processes help maintain working relationships, reduce costs, and ensure faster resolution compared to court proceedings. Mediation is a voluntary and non-binding process in which a neutral third party, __________ ______ __________ ________ ____ ___ _____ _______ _______.
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Mediation and arbitration are important alternative dispute resolution (ADR) mechanisms widely used in the construction industry to resolve conflicts efficiently without resorting to lengthy litigation. Construction projects involve multiple stakeholders such as owners, contractors, subcontractors, consultants, and suppliers, and disputes commonly arise over delays, cost overruns, quality issues, variations, and payment claims. ADR processes help maintain working relationships, reduce costs, and ensure faster resolution compared to court proceedings. Mediation is a voluntary and non-binding process in which a neutral third party, __________ ______ __________ ________ ____ ___ _____ _______ _______.
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