CICV Forum Welcomes Fast-Track Adjudication For Low-Value Disputes

CICV Forum Welcomes Fast-Track Adjudication For Low-Value Disputes

The CICV Forum has welcomed the launch of a new fast-track summary adjudication process for low-value disputes, complete with a capped adjudicator’s fee.

As the economic effect of the Covid-19 impacts severely on the construction industry, many contractors in the smaller end of the market are struggling to access dispute resolution even under the reduced cost of Low Value Adjudication process.

As a specific response to the needs of the industry, Forum member the Royal Institution of Chartered Surveyors (RICS) is now offering summary adjudication for claims below £20,000, for an initial limited period until the end of July.

Parties can apply for the nomination of a qualified adjudicator who will be able to deliver a summary decision, with outline reasons only, restricted to one A4 page, within 14 days of referral. There will be no inspection or site visit involved and the fee will be capped at £1,000 plus VAT.

Alan Wilson, Chair of the CICV Forum and Managing Director of SELECT, says, “The Forum welcomes the initiative by the RICS to introduce a very fast adjudication process for low-value disputes with a very restricted adjudicator’s fee. The supply chain in Scotland will welcome this initiative.”

Dr John Fletcher, Director of Dispute Resolution at RICS, adds, “RICS DRS is responding proactively to the current market and user feedback. As the largest adjudicator nominating body in the UK, we believe we should do what we can to provide much needed relief to the SMEs most badly affected. I am deeply grateful to the skilled adjudicators on the RICS President’s Panel who have volunteered to staff this service at the hugely reduced rates involved.”

To apply for the nomination of an adjudicator under this scheme, complete and return the summary adjudication application form. There is an application fee of £250 + VAT for this type of nomination.

 

  • Show Comments

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Engineering Specialists Press PwC And Government On Carillion Collapse

Trade bodies ECA and BESA have pressed Carillion liquidators PwC to provide greater certainty ...

Light Efficient Design UK Announces Unique LED Solution 

Light Efficient Design UK has announced the immediate availability of its LED-8090A 120W retrofit lighting ...

Marco Cable Management Signs Up For ED&I Show

Marco Cable Management will be attending this year’s ED&I show at the NEC Birmingham ...