Arbitration in Construction Industry: An Overview
Journal Title: International Journal of Modern Engineering Research (IJMER) - Year 2015, Vol 5, Issue 3
Abstract
The significant increase in the role of construction industry in the development of nations.But over the last few decades has been accompanied by a considerable increase in the number of commercial disputes as well. Every industry is subject to variety of disputes, whether intentional or domestic. Financial and other implications of such disputes vary from one company to another company depending upon the facts and circumstances of each case. Alternative dispute resolution mechanisms also including arbitration, have become more important for operating businesses in India. This paper is a brief overview of the legal and procedural landscape of arbitration from its commencement to its conclusion and thereafter. It will also review some of the advantages of arbitration over other dispute resolving techniques
Authors and Affiliations
A. A. Gulghane , Prof P. V. Khandve
Keywords
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