N - Time bound arbitration
e. Time bound arbitration
Management of Contractual Disputes and Issues within the Site Perimeters
Time Bound Arbitration (TBA)
Timely and Cost Effective Approach to Dispute Resolution, In the Construction Industry
Disputes and problems are part and parcel of life since inception with particular emphasis on the construction industry and its participants.
Human beings have striven to improve life and resolve disputes in a more effective and timely controlled manner which has developed over the years.
The above development resulted in the formation of the legal and other systems, as we know it today, with its official tools of legal proceedings and courts.
The idea behind Time Bound Arbitration (TBA) emanated from the existing legal system itself and its tools, whereby a readily available system of justice implementation and execution is in the waiting to deal promptly and effectively with various disputes related to civil societies' problems and its resolution.
Normal arbitration procedures and tribunals (courts) are not set up or initiated until and unless a dispute has arisen which will result in a substantial amount of costs, time and delays involved in meeting and creating the “justice resolving mechanism system”.