05 May 2024 to 08 May 2024
A DAB HAND…DISPUTE RESOLUTION UNDER NEC4
The Contractor has reached the final stages of the fit out of the Ritts Krakhaa Hotel. The project is close to completion, and yet the parties are far apart on various elements of the account. The accounts are currently HKD 1 billion apart and relationships have deteriorated. The disputes involve major subcontract packages, extended time for completion and an allegation of a major defect.
This contract contains a Dispute Advisory Board (DAB). Does this method actually work? Can the disputes be effectively resolved this way? Is it possible for the relationships to survive and even improve between the parties?
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