If a construction dispute arises and the involved parties can’t come to a mutual agreement, an arbitration could be the resolution to your disagreement. An arbitration is a procedure in which contractors, subcontractors, owners, and any other involved parties agree to submit their dispute to a person or panel to settle the dispute. The arbitrator’s final decision is the “Award.” Arbitrations are voluntary and have become more favorable in ironing out contract disputes.
A Better Way
Could arbitration be a better way to solve your construction disputes? The American Arbitration Association (AAA) claims that “arbitration has proven to be an effective way to resolve disputes privately, promptly and economically.” Arbitrations are highly successful and decisions are binding and enforceable in court. Hire an expert St. Petersburg construction lawyer qualified to hear your dispute and that can guide you through the entire process.
The construction process along with its contracts, law, and regulations can be cumbersome. Why add the formalities of court litigation? Sometimes the best way to handle construction disputes is through a cost-effective alternative such as private arbitration which can be negotiated up front, during contract drafting, or after a dispute occurs. Private arbitration is also:
- a faster way to handle disputes
- more flexible since it will be settled out of court
- can be cheaper than litigation since full discovery costs are avoided
- more private which keeps sensitive disputes out of the public eye
- gives you control over who mediates the dispute
The St. Petersburg construction attorneys of Cotney Construction Law are highly knowledgeable and have participated in numerous commercial and construction arbitrations and are available to help you settle your construction disputes quickly so you can get back to what matters most.
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.