Did you ever heard about Dispute Board?
Dispute Board is a party who will manage the dispute or lead each parties in the projects to avoid a dispute during the project execution. Dispute board can be divided become standing Dispute Board or a Dispute Board which hired after or during dispute happening in the project.
Dispute Board is one of the important party in a project especially in the international project. As we know in the international project, barrier language could be a big possible dispute in the future. Each peoples has their own mindset and their own understanding for each case. That is why, it will be more wise if during the planning, execution and closing the projects, Contractor, Consultant and the Employer hired a Dispute Board Party to secure them from any dispute in the future.
Dispute Board member should be independent and doesn't has any interest for a project party. During their contribution, Dispute Board will giving their analysis or advice about the projects in order to keep each parties from any disputes which is not good for the future of project and business development. Probably, several people will think Dispute Board is wasting money, but if you see in the bigger level, avoiding the dispute can be a win win solution for each interested parties in the projects.
Later I will deeply talk about this topic.
See you in my next post.
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