article thumbnail

Dispute Boards: An Approach to the Efficient Resolution of Disputes in the Construction Sector

Constructlaw

Indeed, statistics suggest that dispute board decisions are rarely challenged in subsequent litigation or arbitration. [5]. Because contractors often rely on the cash flows generated by the project payment process to finance their efforts, any withholding of money could force the contractor to fund the project on its own.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Industry Statistics. As the owner of a firm that is both licensed as a builder and is home to a Real Estate sales brokerage as two parts of our three main service offerings, these stunning statistics hit home to me. I can only be discouraged by the continued erosion in demand and pricing as well as the astounding statistic of 28.4%

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Industry Statistics. As the owner of a firm that is both licensed as a builder and is home to a Real Estate sales brokerage as two parts of our three main service offerings, these stunning statistics hit home to me. I can only be discouraged by the continued erosion in demand and pricing as well as the astounding statistic of 28.4%