In arbitration, a dispute is resolved by an impartial adjudicator. The arbitrator’s award is final and binding.
Arbitration is a private and informal process. Discovery is limited and while the hearing is much less formal than a court proceeding, each party has the right to present proofs and arguments as they would in a court of law.
The CDS approach to arbitration focuses on active management, assisting the parties in refining their issues and limiting their discovery and making the dispute resolution process more efficient.
Working with its National Construction Dispute Resolution Committee (NCDRC), the AAA created new Supplementary Rules for Fixed Time and Cost Construction Arbitration that will allow parties to calculate the maximum time to complete the arbitration, the number of hearing days, and the arbitrator costs. Learn more on the AAA website: http://go.adr.org/FixedTimeandCost