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The construction sector is fertile ground for disputes. Given the importance, scale and complexity of construction projects, disagreements can arise for a variety of reasons, including delay or disruption claims, defects and negligence claims, valuation and payment claims, dilapidation claims, and disputes concerning performance bonds and other guarantees, among others.

Such disputes are common and can be very costly. Parties will often spend vast sums on arbitration or litigating their construction disputes. The process may take years to resolve, causing project expenditure to escalate and pushing delivery dates further into the future.

Supply chain disruption, as well as energy, manufacturing and infrastructure challenges, will continue to jeopardise the smooth running of projects across many jurisdictions. As a result, commercial relationships may break down. In an attempt to mitigate disputes, parties should consider all available options. Conflict avoidance and early intervention may prevent disputes spiralling out of control.

Against this backdrop, Financier Worldwide turns to some of the leading lights in their field, who share their stories…

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