There is no denying that the construction industry is highly hot-blooded. You never know when people get into conflicts with you that potentially lead to disputes. The nature of projects also matters a lot when it comes to mitigating risks of disputes.
For instance, the construction is considered the backbone of UAE as infrastructural development is incredibly responsible for the progress. In such a situation, the dispute can be the bottle-necks that every contractor working in any state of the UAE should avoid.
Owing to this very reason, the smart men in the industry always acquire the services of an experienced quantum expert to ensure foolproof analysis of disputes in terms of financial estimations.
The post is aimed to help the people facing construction claims to deal with the matters wisely through different methodologies of dispute handling.
The Importance of hiring financial Appraisers in Dispute Resolution
Construction projects are complicated and time-consuming. Owing to this, disagreements may occur as lengthy processes and other building activities may cause some negligence or other related factors.
Let’s consider a few methods used for handling disputes for peaceful resolves of the issues:
The methods of Mediation
It is a process of dispute handling without the involvement of a neutral negotiator or mediator. In this process, the affected parties sit together and discuss their conflicts without getting aggressive or emotional.
It is because they have to decide the dispute compensation independently; they usually prefer to have a professional analyst by their side to make a just decision.
The method of Negotiation
It is regarded as a highly preferred methodology used to solve conflicts in construction. The technique is used to eliminate misunderstandings among the contracting parties in order to mitigate the losses.
Generally, the process is held under the supervision of a neutral negotiator who listens to all parties and then makes a decision. During the process, it is better to look for technical analysts to get a clear picture of the damages. In this regard, financial appraisers play a significant role as they have to present the evidence after critically understanding the issues between the contractors.
The methods of Litigation
Last but not least, it is a process when any of the opposing party in the construction moves to the court for dispute resolution. In this way, a request is made to initiate legal proceedings for effective resolves to let the project complete or decided as per the evidence.
Generally, the courts appoint construction professionals to submit their reports regarding the matter of disagreement among the parties. The hired experts are neutral and they just collect, assess and present the facts from the construction site and conversations from the claiming individuals.
However, you may also hire a quantum expert to deal with the issues in a standardized form. It will potentially give you an advantage over the opponents in terms of evidence presentation and stance defense.
Summing up, construction disputes always have a negative impact on not only the project but also deteriorate the contractor’s reputation. Owing to this very fact, it is essential to deal with the management of the building process wisely for avoiding the risks of disputes.
If you have to face a claim, better to choose the suitable dispute resolution methodologies to resolve the problem peacefully!