The Construction Claims & Dispute Management Summit is a pivotal conference aimed at addressing the pressing challenges within the Indian construction industry, which is on track to become the third largest construction market globally by 2025, valued at $1 trillion. Despite this promising growth, the industry faces substantial hurdles, particularly in efficiently resolving disputes. In India, the average time taken to settle disputes exceeds seven years, with an estimated INR 75,000 crores locked in various disputes. Approximately 68% of claims against government entities and public-sector units are currently pending arbitration, highlighting the urgent need for effective dispute resolution mechanisms.
The summit brings together a diverse group of stakeholders, including employers, contract managers, consultants, and legal professionals, to discuss domestic and international trends in construction claims and disputes. The focus will be on minimizing the impact and frequency of claims by implementing best practices in dispute resolution. Key topics include the recording and assessment of extension of time (EOT), the relationship between FIDIC contracts and claims in the Indian context, and alternative dispute resolution (ADR) strategies that promote win-win solutions for all parties involved. The summit will also cover the implications of the RERA act on buyers and developers, proactive assessments of contract modifications, and the adoption of technology in claims management for enhanced efficiency.
Participants will have a unique opportunity to engage with industry experts, including Vice Presidents and General Managers, as well as experienced arbitration professionals. The event promises insightful discussions, case studies, and a collaborative environment to explore the complexities of construction contracts. Attendees can expect well-structured sessions that delve into the nuances of contract conditions, share experiences, and address key issues related to claims and dispute management. With high-quality content and an emphasis on professional development, the Construction Claims & Dispute Management Summit serves as an essential platform for knowledge exchange and networking within the construction sector.