O Dispute Board procedures It can also be used as a form of dispute resolution in other types of bilateral and successive contracts, such as alliance contracts and shareholder agreements. Due to its effectiveness, speed and economy, it is also recommended for use in extrajudicial and judicial recovery processes.
Its composition is based on the appointment of experts in the technical or contractual matter in question to prevent or resolve disputes arising during the execution of the contract. The board is generally formed at the beginning of the contract, even before the dispute, with the aim of monitoring the execution of the contract and issuing recommendations and/or decisions.
O dispute board It is a method that works in real time, since the professionals who form the committee have prior knowledge of the contract and the specificities that accompany its execution, based on minutes and management information received monthly and, also, making periodic inspection visits to the work performed.
It is important to highlight some of the main advantages of using dispute resolution boards, or DRBs, for the prevention or resolution of disputes. Special attention should be paid to the experience of the professionals selected by the parties to join the board. board must be composed of independent, impartial, neutral professionals with relevant expertise, which guarantees the quality of recommendations and/or decisions and provides extreme agility for the procedure.
To this end, the parties' trust in the reputation, knowledge and independence of the board members is essential for them to accept the recommendations or decisions.
DRBF Statistics (Dispute Resolution Board Foundation), based in Seattle, USA, indicate that more than 90% of construction contracts in the United States, which included a clause containing the dispute board mechanism, ended without litigation between the parties.
Administrative Resolutions
- Related to: Arbitration, Dispute Board procedures, Mediation
- Related to: Arbitration, Dispute Board procedures, Mediation
- Related to: Arbitration, Dispute Board procedures, Mediation
- Related to: Arbitration, Dispute Board procedures, Mediation