Open AccessCLAIMS AND SETTLEMENT IN ROAD PROJECT
Author(s) -
Trishula Manda,
Shruti Samant,
Kartik Pendhe,
Rohan Naphade,
Harshit Gupta,
Smitha Yadav
Publication year - 2019
Publication title -
journal of civil engineering, science and technology
Language(s) - English
Resource type - Journals
ISSN - 2462-1382
DOI - 10.33736/jcest.1430.2019
Subject(s) - conciliation , arbitration , dispute resolution , mediation , settlement (finance) , dispute board , confusion , work (physics) , alternative dispute resolution , business , dispute mechanism , construction contract , law and economics , law , political science , engineering , finance , economics , marketing , contract management , mechanical engineering , psychology , psychoanalysis , payment
Claims are becoming inevitable and unavoidable in modern projects involving new technology, specifications, and complexities. There are many reasons for claims, for instance time extension, machinery change, material deviation, manpower, price escalation, accidents on site, changes in design, etc., which result into disputes. Confusion also exists in adoption of dispute resolution techniques, such as arbitration, conciliation, mediation, dispute resolution board, etc. In this paper, various factors responsible for claims and dispute in road projects and their intensity have been identified. The results are implied through a survey of clients, contractors, and consultants involved in road projects. The work focuses on the predominant causes of dispute and the methodology adopted by stake holders for settlement of the same.