When there is an issue between a North Carolina construction company and a client, it can result in financial loss, delays and other frustrations. It is important to seek a beneficial resolution to construction disputes in a timely and effective manner. However, a simple, negotiated resolution may not always be possible, and it may be necessary to take legal steps to resolve the dispute. One of the options for resolving a construction dispute is arbitration.
Understanding the arbitration process
Arbitration is a method of resolving disputes that allows the two contesting parties to avoid the cost and stress of litigation. This is effective for construction disputes because both sides can present evidence, witnesses and documentation to support their side, but it is an alternative to actually going to court. Both sides must agree to arbitrate the dispute.
This method of dispute resolution is particularly effective for construction disputes. With matters related to construction law, there is often a significant amount of money at stake, and this process offers an organized way to resolve the issue without losing more money in litigation. It can take less time to complete and offer more satisfactory resolutions than other options.
Seeking a beneficial outcome
The intent of arbitration is to offer a way to resolve disputes in a way that is simpler and more effective than litigation. Construction disputes are remarkably complex, and it will be beneficial to have experienced legal guidance at every step. An assessment of the specific dispute will offer insight into whether this is a beneficial option or if other options should be pursued.