02 Jul 2019
On 26 June 2019, CIArb's Corporate Member Arcadis LLP launched its annual Global Construction Disputes Report 2019.
This year’s report recognizes the importance of early dispute avoidance techniques in seeking to decrease the volume of lengthy and costly disputes. CIArb, as a leading professional body for disputes avoidance, management and resolution, is proud to support and promote the Arcadis Global Construction Disputes Report 2019.
The ninth annual Arcadis Global Construction Disputes Report 2019: Laying the Foundation for Success reveals key themes and provides insights into the global construction disputes market.
It highlights that, while the overall volume of disputes globally remained consistent with last year’s results, the average value of these disputes has decreased by nearly 24% to US$ 33 million. However, the average time taken to resolve these disputes has risen slightly to 17 months. As the industry seeks to better understand and address the impact of human factors in disputes, the aspiration is that early dispute resolution techniques - such as dispute avoidance - will become increasingly common.
In relation to dispute avoidance in the UK Gary Kitt FCIArb, UK Head of Contract Solutions at Arcadis, added:
“Our results show the UK to be a world leader in effective avoidance and mitigation strategies, and as we continue to transition towards greater use of digital technologies like BIM and 4-, 5- or 6D modelling, we are likely to see an improvement in risk allocation much earlier on in the process. This could help all parties to collaboratively resolve any difficulties before cost and time pressures start to escalate.”
Arcadis is a leading global design and consultancy for natural and built assets, with nearly 27,000 people and operating in over 70 countries. It provides specialist consultancy services to a range of market sectors including dispute avoidance and dispute resolution services to the construction, engineering and oil and gas industries.
The Arcadis Global Construction Disputes Report 2019 is available here.
12 Oct 2021Apply to become a YMG Global Steering Committee Member
The YMG is seeking to appoint nine new members to its Global Steering Committee, an international group of dispute resolution practitioners below the age of 40.