A Review of Alternate Dispute Resolution (ADR) Methods in the Construction Industry with Special Reference to the Arbitration & Conciliation Act 1996

Author(s)	Saji Daniel
Country	India
Abstract	The construction industry is considered the second largest industry after agriculture. It works purely on a contract basis, based on the Indian Contract Act 1872, with the client on one side and the contractor on the other. The execution of the work and the project is monitored and controlled by qualified Consultants and Engineers. The industry is characterized by its complexity, diversity, and dynamic nature. Disputes in the construction industry are common and can arise from various causes, often leading to delays, cost overruns, and damaged relationships between stakeholders. We have various dispute-resolution methods which will help both parties to amicably solve the disputes.
Keywords	Contracts, Indian Contract Act, disputes, cost and time overrun, Negotiation, Mediation, Arbitration, DRB
Field	Engineering
Published In	Volume 6, Issue 5, September-October 2024
Published On	2024-10-18
Cite This	A Review of Alternate Dispute Resolution (ADR) Methods in the Construction Industry with Special Reference to the Arbitration & Conciliation Act 1996 - Saji Daniel - IJFMR Volume 6, Issue 5, September-October 2024. DOI 10.36948/ijfmr.2024.v06i05.28568
DOI	https://doi.org/10.36948/ijfmr.2024.v06i05.28568
Short DOI	https://doi.org/g8nqbq

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