Middle East construction disputes are on the rise, but are being resolved more quickly than before, according to the Arcadis ‘2017 Middle East Construction Disputes Report’.
The report said that ongoing liquidity issues due to lower oil prices in the region led to an increase in the volume of claims submitted.
But it found that disputes are now being resolved 10% quicker than in the previous two years, while the value of disputes has dropped from $82m in 2015 to $56m in 2016.
Failure to properly administer contracts was found to be the most common cause of construction disputes, while party-to-party negotiation was still found to be the preferred method of solving disputes across the region.
Read the full article on ME Construction News.