Problems

Adjudication

A process in which a neutral third party, often an expert, makes a decision on a specific issue within a dispute.

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.

Back Charge

A charge made by one party against another to recover costs incurred due to the other party’s actions or omissions.

Building Bond Claim

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.

Building Work

Any physical activity involved in the construction, alteration, renovation, repair, or demolition of a building or structure.

Claim

A formal assertion of a right, demand, or entitlement by one party against another in a construction project.

Construction Defect

A flaw or deficiency in the construction of a project that results in reduced quality, functionality, or value.

Contingency Plan

A predetermined set of actions and resources to address unforeseen events or risks that may arise during the project.

Cost Evaluations

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.

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