It can be immeasurably important for an arbitrator to possess certain skills and subject matter experience. Arbitration has for a long time been recognised is a viable alternative to litigation, but it is only as good as the arbitrators who are appointed to resolve disputes. The quality and experience of an arbitrator will significantly impact on the value of the overall process and its outcome.
As experienced construction professionals, construction surveyors bring enormous levels of subject matter knowledge and expertise to adjudications. This can reduce the time and costs in dealing with procedural matters and issues, which in turn minimises disruption to the everyday business of parties who are involved in adjudication proceedings.
Arbitrations are an increasingly common part of the construction industry. They offer parties a better way of resolving disputes than litigation. Arbitrators have statutory powers and can order parties to provide relevant documents and information, including, in certain instances, sensitive commercial and financial information.
To get started on this process, documentation and paperwork serves an important aspect to solving and ligitating disputes. For parties who desire privacy, and comparatively inexpensive and speedy outcomes, arbitration conducted by subject matter experts is the way forward.