Source: https://www.consensusdocs.org/, March 8, 2023
By: Bill Shaughnessy, Partner, Jones Walker LLP

Resolving construction disputes in litigation (court or arbitration) can be expensive and may drag on for years. Most disputes could have been avoided, or at least mitigated, had the parties (both owners and contractors) identified contract risks during negotiations and been more proactive in communicating the risks during execution of the work. This article highlights four practical risk management approaches that help all parties focus on their mutual interest in close coordination and clear communication at the beginning of the project as well as throughout performance:

• Identifying and allocating risks;
• Accurate scheduling;
• Clear project documentation and communication; and
• Real-time dispute resolution. Read more.