In a credit crunch every party strives for value for money. This applies particularly to dispute resolution. Whether you are adjudicating, arbitrating or mediating, you want the right decision at the minimum cost. So, how do you achieve that happy state? The answer is to have a clear strategy from the outset, not just from the beginning of the dispute, but from when you first get involved in the project. Here is a five-point checklist to point you in the right direction.rnWhen you negotiate the contract, think about things that are likely to go wrong. Is the specification clear enough? Do you understand the work scope and standards required? Are the terms clear and fair? Are you using a standard form you are familiar with? Avoid tinkering with the terms: a minor change in one clause may have an unexpected knock-on effect on others. Has risk been allocated to the party best able to deal with it? Havernyou got the money, people and machinery necessary to fulfil your obligations? At times when work is scarce, it is tempting to put in an unrealistically low price to "buy" the work. Resist it - it will end in tears.
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