Your assignment is to prepare and submit a paper on resolution of disputes by subcontractors through arbitration in fidic construction.

Your assignment is to prepare and submit a paper on resolution of disputes by subcontractors through arbitration in fidic construction. If there is any delay beyond the deadline, it may cause financial losses to the employer and hence, he may claim damages from the contractor for the losses suffered due to late completion of the construction project. To avoid this , most of the construction contract forms will include a provision for the parties to the contract to agree upon on monthly or weekly or on a daily basis for delay due to the contactor which is known as liquidated and ascertained damages .(LAD). The main objective of LADs is to notify the employer’s prerogative to claim damages for the infringement of a condition by a contractor to finish the work within the deadline1. Unprecedented scenarios are unavoidable element of every construction contract.