Dispute Boards are an effective dispute avoidance, resolution and management mechanism for contractual disputes on medium to large scale projects.
Dispute Boards are designed to avoid conflict and, if disputes do arise, deal with them quickly and effectively. The purpose of a Dispute Board is to save money, ensure the project is delivered on time and on budget, and to help to maintain relationships.
Dispute Boards usually exist throughout the duration of a contract, and can be referred to at any time by any one of the Parties for a recommendation or determination of the dispute referred.
A Dispute Board involved with the project from inception through to completion benefits from ‘hands on’ knowledge of every aspect of the project. Members of the Dispute Board know the Parties, the goals and objectives of the project and are able to act quickly to either prevent a dispute from arising or to give a decision quickly (in some cases, as quickly as 30 days after the formal request).
As the members of the Dispute Board know both Parties, they can request their opinions on matters of concern. This can help to prevent future disputes and move the project forward towards successful, stress-free completion.
RICS will be able to nominate Dispute Board members or a Dispute Board Chair where the applicable contract requires it, or where the Parties are unable to reach agreement and request an appointment. We will only appoint professionals included on our register of RICS Accredited Dispute Board Members.