Level: Intermediate
Author(s): Lynn B. Larsen, CFCC
Venue: 2017 AACE International Annual Meeting, Orlando, FL
Abstract: This paper briefly summarizes the available options (litigation, mediation, arbitration, and Dispute Review Boards (DRBs)), considers typical contract disputes including actual examples, and concludes that only with DRBs are the results most likely to be a win-win scenario. In the other processes even the prevailing party never recovers all its losses. They are lose-lose processes.
Author(s): Lynn B. Larsen, CFCC
Venue: 2017 AACE International Annual Meeting, Orlando, FL
Abstract: This paper briefly summarizes the available options (litigation, mediation, arbitration, and Dispute Review Boards (DRBs)), considers typical contract disputes including actual examples, and concludes that only with DRBs are the results most likely to be a win-win scenario. In the other processes even the prevailing party never recovers all its losses. They are lose-lose processes.