The average construction dispute in North America costs a whopping $16.3 million. This is more than a little concerning, especially when you consider that the goal of all parties on a construction project is to see that project through to completion. Fortunately, there are ways to curtail a dispute before it can drain your company dry.
Below, a Chicago construction arbitration lawyer with Cotney Construction Law discusses how they work to resolve disputes. We will also touch upon the many benefits of arbitration, one of the most popular forms of alternative dispute resolution (ADR).
Before You Need a Chicago Construction Litigation Attorney
Although our attorneys are adept at the litigation process, they would much prefer to resolve your dispute in a cordial and timely manner. ADR consists of various methods that can help feuding parties get back to what matters most: project completion. As opposed to mediation, which is a negotiation, arbitration is similar to a private hearing. This is a chance for all parties to present their arguments before an arbitrator, a neutral third-party. You can “win” arbitration, assuming you have a Chicago construction arbitration lawyer on your side.
Why You Need an Experienced Attorney During Arbitration
Arbitration is like a lawsuit in that both parties present their evidence and arguments in the hopes of swaying an arbitrator’s final decision, which is almost always legally binding. Although arbitration is usually faster and more affordable than a lawsuit, the final decision is just as impactful. You need a Chicago construction arbitration lawyer on your side to review evidence, prepare witnesses, and see to your best interests. Assuming your dispute reaches the arbitration stage, an attorney will work tirelessly to see that you receive the arbitration award.
Partner With Our Team of Attorneys
Whether you need representation during arbitration or a court case, we have the experience and skills to protect your company during a dispute. A Chicago construction litigation attorney with Cotney Construction Law is aggressive, knowledgeable, and resourceful — skills that prove to be just as valuable during arbitration proceedings. For the team of attorneys that can represent you at any point in your dispute, turn to the team at Cotney Construction Law.
If you would like to speak with a Chicago construction litigation attorney, please contact us today.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.