Arcadis Global Report shows construction disputes hit record length of over 15 months. The numbers for the U.S. Construction Industry tell a different story.
“The highest dispute handled by Arcadis in 2015 was worth $2.5 billion.”
The Global Construction Disputes Report 2016 findings include: The property/real estate sector was found to have the most disputes, closely followed by the social infrastructure and the public sector. Mirroring last year’s report, the most common cause of dispute was failure to properly administer the contract. Additionally, Joint Ventures (JVs) were found, once again, to be at particular risk, with 25.5% of JVs ending in dispute. Meanwhile, when it came to resolving disputes, party to party negotiation remained the most popular method of alternative dispute resolution, while mediation and arbitration ranked 2nd and 3rd respectively.
This year’s report is Arcadis’ sixth annual study into the duration, value, common causes, and methods of resolution of construction disputes across the globe. The research was conducted by the Arcadis Contract Solutions experts and is based on construction disputes handled by the teams during 2015.
Download The Global Construction Disputes 2016 Infographic PDF
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