Adjudication – Alternative Dispute Resolution
The concept of Adjudication it is probably the most recent concept but it has become quite fashionable especially with internationally operating companies working on larger and more time-consuming projects.
This is where adjudication comes into usually in a project covering three four or five years you have problems on the way you need to resolve this problem in the shortest possible time period and as efficiently as possible and if possible less confrontational than in a court dispute.
So the parties have a possibility at the very beginning of the project to appoint three so-called adjudicators: these adjudicators are introduced to this project so that they know what it’s all about and whenever there is a dispute arising between the parties such as between the general contractor and the supplier or a service provider the adjudicators would come into it promptly would seek to settle.
The problem whilst this project carries on so there would not be a penalty at the end which is usually part of a contract now this the purpose of this is not resolve it forever but simply for the purpose of completing this particular project then within the contractual time period.
Once it is completed the parties still have a chance to resort to the courts if they feel aggrieved by this ruling of the adjudicators so it is only for this purpose that you have adjudication it is not a…
Alternative Dispute Resolution
Prell & Partners – Adjudication
Bertrand Prell on ADR (alternative dispute resolution) – adjudication
