In the construction industry, binding arbitration is a process that is regularly relied upon for the purpose of dispute resolution. Many builders believe that construction arbitration is both faster and cheaper than other forms of litigation and mediation. Although the best way to win a dispute is simply to avoid it from the onset, if mediation for a conflict is required in the construction industry, then construction arbitration would be a solid path to pursue. There are a number of different issues that separate construction industry disputes from other types of disputes, giving rise to a number of different practices that are being adopted for the purpose of construction arbitration. Construction arbitration, like other industry specific types of arbitration, is the right avenue to pursue for when it comes to conflict resolution in the construction industry.

Why Construction Arbitration?

Construction industry based disputes are technically complex more often than not, meaning that their investigations will be much more fact intensive than other types of disputes. The purpose of construction arbitration is to deal with these technically complex arbitration issues by providing arbitrators and other neutrals that are well versed not only in the arbitration process, but also the construction industry as well. Another feature that led to the development of construction arbitration procedures is that construction industry based disputes often necessitate that a decision or resolution be reached quickly, even if only temporarily, and construction arbitration makes this possible while other forms of arbitration or mediation may not be able to. For the sake of all parties involved, the main focus behind construction arbitration is to provide a construction industry centric arbitration process that delivers a speedy solution by a neutral party.