Once there is a construction dispute, the parties to the contract may find themselves wondering what the best course of action. Undoubtedly, a dispute is time-consuming and harmful to contractors’ reputation as well as damage any relationship between them and the client. There are things that a contractor should do to avoid disputes.
As a result, we will be laying emphasis on the construction dispute in this article. We will also discuss the six tips for successfully resolving construction disputes. Let’s dive in.
Why Do Construction Disputes Arise?
- Lack of a clear understanding of the conditions as stated in the contract;
- Interruptions on a contract;
- Disaster when overseeing the contract;
- Unsupported or inadequate claims made by the parties involved.
Construction Dispute Resolution Methods
3. Expert determination
The Role Of Surety Bonds In Construction Disputes
Surety bonds serve to grant compensation to claimants if there is cause for a claim. Since a bond claim is a costly outcome to contractors and is not desirable, surety companies can also help resolve disputes or minimize damages that have arisen.
Sureties can also provide assistance or suggest possible ways of resolving the dispute and minimize damages for all sides. Hence, contractors must always work with their sureties if a dispute arises.