DISPUTE RESOLUTION TECHNIQUES DURING ECONOMIC HARD TIMES

摘要

As public and private projects are being put on hold or canceled due to budgetary constraints, the number of conflicts and disputes are increasing. Although the potential for claims is rising, the money to pursue those claims is limited. As a result the parties involved look to settle disputes quickly to preserve already tight resources.rnMany owners, architects and contractors are very reluctant or simply can't afford to invest in full arbitration, attorney fees and expert detailed evaluations. Frequently the parties are willing to settle for much less than their potential legal recovery to put the dispute behind them.