Time Performance of Construction Arbitration

One of the main concerns among disputants in arbitration is that the duration is taken to resolve their disputes. Although it’s has been suggested that sole arbitrators and multi-member tribunals should conclude arbitration cases within 3 and 6 months, respectively, it remains unclear why some disputes take longer than others to resolve. The importance of timely resolution of construction disputes can’t be exaggerated. Studies have established resolution time as one of the essential considerations in selecting dispute resolution methods. Conflicts that take an extended time to resolve essentially fracture business relationships escalate construction costs, delay projects, cause emotional stress, and damage reputation, reducing business turnover.