Part 4

Twelve (12) months after the issue of Substantial Completion Certificate by the Architect, there is still a difference of about HK$2 million on the total value of variations claimed by the Contractor that were not agreed by the Consultant Quantity Surveryor. Your project director wants to refer the matter to arbitration immediately.

Write a referenced report advising your project director how the arbitration process works to resolve dispute, the correct dispute resolution procedure under SFBC2005, and recommend any suitable alternative dispute resolution method(s) that your company may consider in these circumstances. You are required to justify your recommendation with reasons.