The biggest disputes, averaging $41.9m in costs, took place in Asia, followed by the Middle East, on $40.9m. The cost of US disputes tripled to $34.3m. Those in the UK rose to $27.9m. Mike Allen, global head of contract solutions at Arcadis, said that major construction programmes were now more fast paced and complex, involving a multitude of supplier parties. This meant there were numerous points at which a dispute could occur. 'Many of these disputes are resolved out of the public eye but do often result in heavy costs and time overruns,’ he said. Source: Financial Times
Email your news and story ideas to: [email protected]
