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Published in:

Volume 5 Issue 12
December-2018
eISSN: 2349-5162

Unique Identifier

JETIR1812A65

Page Number

478-482

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Title

Optimization of conflicts in Engineering Projects Arbitration in India

ISSN

2349-5162

Cite This Article

"Optimization of conflicts in Engineering Projects Arbitration in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.478-482, December-2018, Available :http://www.jetir.org/papers/JETIR1812A65.pdf

Authors

Abstract

Works contract arbitration in modern times is an efficacious alternative dispute resolution technique in project community vis-à-vis conventional mechanism of court litigation. Knowledge and exposure to effective arbitral practices could be a very effective tool in redressal of disputes that generally arise between different stakeholders in projects. We examine the current status of litigations due to conflicts in contract pending at courts and explore the use of Works contract arbitration to develop a low cost and effective dispute resolution settlement mechanism. We argue that arbitration mechanism at present is not used effectively in Indian companies for disputes resolution. It is an imperative on part of policy makers to work a practical and effective incentive mechanism for use and application of arbitration in place of present routine court litigation. Professionals associated with the project can play a creative and strategic role in promoting use of Works contract arbitration in dispute resolution.

Key Words

Works contract Arbitration, Alternative Dispute Resolution, Court Litigation

Cite This Article

"Optimization of conflicts in Engineering Projects Arbitration in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp478-482, December-2018, Available at : http://www.jetir.org/papers/JETIR1812A65.pdf

Publication Details

Published Paper ID: JETIR1812A65
Registration ID: 194442
Published In: Volume 5 | Issue 12 | Year December-2018
DOI (Digital Object Identifier):
Page No: 478-482
ISSN Number: 2349-5162

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Cite This Article

"Optimization of conflicts in Engineering Projects Arbitration in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp478-482, December-2018, Available at : http://www.jetir.org/papers/JETIR1812A65.pdf




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