{"id":15084,"date":"2016-06-01T20:42:07","date_gmt":"2016-06-01T13:42:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=15084"},"modified":"2016-06-01T19:04:15","modified_gmt":"2016-06-01T12:04:15","slug":"middle-east-the-worlds-costliest-market-for-construction-disputes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/middle-east-the-worlds-costliest-market-for-construction-disputes\/","title":{"rendered":"Middle East the world's costliest market for construction disputes"},"content":{"rendered":"


\nThe Middle East has become the world’s costliest market for construction disputes, with fallouts between contractors and clients involving bigger cases than anywhere else in the world, according to construction consultancy Arcadis. The firm said that the average value of disputes in the Middle East increased by 7 per cent over the past 12 months to US$82 million (Dh301.2m), putting it ahead of Asia, where the average dispute cost $67m. By comparison, the average cost of disputes in the UK, Europe and North America was just $25m.Craig Beeson, the head of contract solutions at Arcadis Middle East, said: “In an economic environment impacted by the oil price, the market continued to see a restriction in decision-making within the industry. “This drove a lack of appropriate delegation to project management consultants and client representatives, thereby prolonging critical commercial decisions and generating cash flow issues related to instructed variations.”The report added that some clients are looking to spread their own cash obligations by prolonging payments owed to contractors. Also, Arcadis argued that the size and complexity of many of the large-scale projects carried out in the region is not suited to the traditional contracting procurement strategy used.The top three causes of contract disputes are a failure to properly administer a contract, poorly-drafted or incomplete contracts or unsubstantiated claims, or incomplete design information or requirements from clients. The average dispute in the Middle East took 15.2 months to resolve, which is close to the global average of 15.5 months. Disputes in Asia take the longest time to resolve (19.5 months), while those in the UK are resolved most quickly (10.5 months).mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Middle East the world’s costliest market for construction disputes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Middle East has become the world’s costliest market for construction disputes, with fallouts between...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-15084","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3Vi","jetpack-related-posts":[{"id":3332,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arcadis-replaces-wael-allan-as-middle-east-head\/","url_meta":{"origin":15084,"position":0},"title":"Arcadis replaces Wael Allan as Middle East head","date":"February 2, 2016","format":false,"excerpt":"\r \r The building consultancy Arcadis has replaced Wael Allan as its chief executive just 12 months after his appointment. The consultancy has announced that Graham Read has been appointed as Middle East chief executive, effective from February 1. Mr Reid had previously been global design director for Arcadis.Mr Allan\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":898,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-still-a-relatively-cheap-place-to-build-says-arcadis\/","url_meta":{"origin":15084,"position":1},"title":"Dubai still a relatively cheap place to build, says Arcadis","date":"January 7, 2016","format":false,"excerpt":"\r \r Government and private sector clients have an opportunity to commission new buildings at bargain rates, according to Arcadis.The company\u2019s latest International Construction Costs 2016 report states that Dubai remains a relatively cheap place to build. It is ranked 18th worldwide in a list of 44 major cities, meaning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30417,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-construction-costs-expected-to-remain-flat-for-rest-of-the-year\/","url_meta":{"origin":15084,"position":2},"title":"Hong Kong construction costs expected to remain flat for rest of the year","date":"October 18, 2016","format":false,"excerpt":"\r Hong Kong construction costs are expected to remain flat for the rest of this year, but market watchers believe it unlikely record home prices will ease anytime soon, as the city remains the costliest place in Asia to develop property. A report by London-based consultancy Arcadis, which has offices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5388,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/construction-disputes-to-rise-in-middle-east-as-cash-tightens\/","url_meta":{"origin":15084,"position":3},"title":"Construction disputes to rise in Middle East as cash tightens","date":"February 22, 2016","format":false,"excerpt":"\r \r Arabtec's disclosure that it is \"vigorously seeking full recovery of receivables\" owed is yet another sign that construction disputes in the region are set to rise as cash becomes tighter. \"There's definitely more disputes,\" said Simon Palmer, the head of construction disputes at the law firm DLA Piper.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46975,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-remains-3rd-most-expensive-asian-city-for-construction\/","url_meta":{"origin":15084,"position":4},"title":"S\u2019pore remains 3rd most expensive Asian city for construction","date":"March 7, 2017","format":false,"excerpt":"\r Public sector projects like civil engineering and public housing continue to support the local construction sector.\u00a0 Singapore is still the third most expensive city for construction in Asia, behind Hong Kong and Macau, revealed the latest International Construction Costs Index published by Arcadis, a leading global design and consultancy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9028,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-renews-dh1-4bn-dispute-against-meydan-three-years-after-dropping-dubai-racecourse-claim\/","url_meta":{"origin":15084,"position":5},"title":"Arabtec renews Dh1.4bn dispute against Meydan three years after dropping Dubai racecourse claim","date":"March 25, 2016","format":false,"excerpt":"\r \r Arabtec is to recommence its legal action against Meydan, reviving one of Dubai's biggest construction disputes since the financial crisis.It comes three years after the pair agreed to out-of-court talks to resolve their dispute over the redevelopment of the horse racing venue Arabtec is now recommencing its bid\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15084"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=15084"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15084\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=15084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=15084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=15084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}