The use of Dispute Adjudication Boards is becoming increasingly popular as a means of avoiding the costly nature and time of arbitration proceedings. The World Bank and other banks such as the European Investment Bank, the European Bank for Reconstruction and Development and the Asian Development Bank now insist on the inclusion of dispute boards in contracts for any project funded by them, as do the European Union. The International Chamber of Commerce also recommends their use. FIDIC have incorporated provisions for dispute boards in the 1999 editions of their standard forms of construction contracts, as do the Institution of Civil Engineers.
Promontory has suitably qualified and experienced staff and consultants to act as dispute arbitration board members and would be happy to discuss appointments with any party.