Construction Arbitration: Booming Market or Market Failure?
The inclusion of arbitration agreements in construction contracts is the new normal. Large or small, complex or simple, arbitration is an undeniably popular method of dispute resolution in the construction industry. One of its key benefits is said to be the ability to choose your decision maker. This feature of arbitration is particularly attractive in the context of a construction dispute, where a deep understanding of complex matters of design, engineering, delay and disruption is required and is not guaranteed in the litigation context. But just how many hig