Level: Intermediate
Author(s): Roy Cooper, PE; Brian Goodreau, PSP
Venue: 2017 AACE International Annual Meeting, Orlando, FL
Abstract: The Global Disputes Report presents an in-depth, data driven review of projects and disputes globally in 2015. The report focused on five key areas: the length of disputes, average value, common causes, most popular resolution methods and region specific nuances. This report also includes an overview of the macroeconomic market position and goes on to cover several global regions, including North America, UK, Continental Europe, Middle East, Asia, and Australia. This paper reveals key themes and insights into the global construction disputes market. Any dispute is case specific, so to endeavor to group causes and develop averages can risk omitting critical information related to the overall nature of the dispute. However, given the range and depth of the coverage, dispute trends, both globally and regionally, are indicative of market trends. The results show that disputes globally have marginally reduced, but the durations have markedly increased. The increased length of disputes will have multiple effects for both parties and are likely to, ultimately, have a negative impact on the construction industry.
Author(s): Roy Cooper, PE; Brian Goodreau, PSP
Venue: 2017 AACE International Annual Meeting, Orlando, FL
Abstract: The Global Disputes Report presents an in-depth, data driven review of projects and disputes globally in 2015. The report focused on five key areas: the length of disputes, average value, common causes, most popular resolution methods and region specific nuances. This report also includes an overview of the macroeconomic market position and goes on to cover several global regions, including North America, UK, Continental Europe, Middle East, Asia, and Australia. This paper reveals key themes and insights into the global construction disputes market. Any dispute is case specific, so to endeavor to group causes and develop averages can risk omitting critical information related to the overall nature of the dispute. However, given the range and depth of the coverage, dispute trends, both globally and regionally, are indicative of market trends. The results show that disputes globally have marginally reduced, but the durations have markedly increased. The increased length of disputes will have multiple effects for both parties and are likely to, ultimately, have a negative impact on the construction industry.