A process in which a neutral third party, often an expert, makes a decision on a specific issue within a dispute.
Methods of resolving construction disputes outside of court, such as mediation or arbitration.
A method of dispute resolution where a neutral third party, the arbitrator, makes a binding decision after hearing arguments and evidence from both parties.
A charge made by one party against another to recover costs incurred due to the other party’s actions or omissions.
If the developer fails to rectify the defects within the specified timeframe, the owners’ corporation can make a claim on the building bond to cover the cost of rectification. The bond is released to the owners’ corporation to fund the repairs.
Any physical activity involved in the construction, alteration, renovation, repair, or demolition of a building or structure.
A formal assertion of a right, demand, or entitlement by one party against another in a construction project.
A flaw or deficiency in the construction of a project that results in reduced quality, functionality, or value.
A predetermined set of actions and resources to address unforeseen events or risks that may arise during the project.
A process that assesses the financial aspects of a dispute, including expenses related to litigation or arbitration, and helps parties make informed decisions about settlement or pursuing legal action.