Gain Immediate access to our Essays
FREE access exchanged for your work, or pay £9.99
Words: | Submitted: Fri Jan 28 2005
... same alternatives are the reason why arbitration within the construction industry is likely to decline. 2) The Decline Of Arbitration Within the construction industry the Arbitration Act 1996 is governed by the 1998 CIMAR Rules (The Construction Industry Model Arbitration Rules). These rules modify the Arbitration Act and make it specific and workable within the industry. When the Construction Act came into force, it made Adjudication (Article 5 + clause 4A) a statutory requirement for all construction contracts entered into from 1st May 1998. These requirements are reflected in JCT80 amendment 18. It is possible for the parties in dispute to agree to dispense with the Adjudication process, if this is not so, then adjudication must tale place. In order for a dispute is referred to adjudication only one party needs to inform the other that this is so. Within 7 days of this an adjudicator must be appointed, this can either be a ...
FREE access exchanged for your work, or pay £9.99