{"id":899472,"date":"2022-01-06T12:28:22","date_gmt":"2022-01-06T19:28:22","guid":{"rendered":"https:\/\/www.myconstructionexpert.com\/blog\/?p=899472"},"modified":"2022-01-06T12:28:26","modified_gmt":"2022-01-06T19:28:26","slug":"arbitration-vs-litigation-dispute-resolution","status":"publish","type":"post","link":"https:\/\/www.myconstructionexpert.com\/blog\/arbitration-vs-litigation-dispute-resolution\/","title":{"rendered":"Arbitration v. Litigation: Dispute Resolution Considerations for Construction Professionals"},"content":{"rendered":"\n

Nicolas Bohorquez | Freeman Mathis & Gary<\/a><\/p>\n\n\n\n

An often-overlooked side effect of litigation, particularly in the construction industry, is the impact that it has on day-to-day operations. The more involved and protracted the litigation, the more your company must reallocate its resources (i.e. time and money) to tend to the litigation instead of focusing on projects that generate revenue.  <\/p>\n\n\n\n

Despite the headache,\u00a0litigation\u00a0serves a\u00a0necessary\u00a0purpose\u00a0to\u00a0protect\u00a0what owners and their employees have built.\u00a0However, going to court is not always\u00a0the\u00a0best\u00a0or\u00a0even the\u00a0most economical\u00a0method\u00a0of\u00a0litigation; enter arbitration<\/a>.\u00a0<\/p>\n\n\n\n

What Is Arbitration?<\/strong> <\/p>\n\n\n\n

In short, arbitration is a mechanism that allows parties to resolve their dispute outside of the court system through a neutral arbitrator selected by the parties.  <\/p>\n\n\n\n

Arbitration of disputes will occur only if the parties have agreed to arbitrate in writing. In the construction industry, many contracts include arbitration clauses that predetermine the parties\u2019 arbitration rights prior to any dispute. As such, whether drafting or executing a contract, construction professionals should weigh certain considerations before committing to arbitration of potential disputes.  <\/p>\n\n\n\n

What are the Benefits of Arbitration?<\/strong> <\/p>\n\n\n\n