Construction Claims & Dispute Management Summit

The Construction Claims & Dispute Management Summit is poised to address the pressing challenges facing the construction industry in India, which is on track to become the third-largest construction market in the world by 2026, with an anticipated market size of $1 trillion. This growth is fueled by significant activity across various sectors, including roads, buildings, irrigation, urban infrastructure, and railways. However, the industry is currently grappling with a high rate of unresolved disputes, with an average settlement duration of over seven years. A staggering INR 75,000 crores is tied up in disputes, highlighting the urgency for effective resolution mechanisms. Approximately 68% of claims against government entities and public-sector units are pending arbitration, and 13% remain unresolved with the government, showcasing the critical need for reform in dispute management practices.The summit aims to foster a comprehensive understanding of the legal and contractual frameworks applicable in India, emphasizing the importance of effective dispute resolution strategies. By bringing together stakeholders such as employers, contract managers, consultants, and legal experts, the summit will explore both domestic and international trends in dispute resolution. Participants will engage in discussions focused on minimizing the impact, intensity, and frequency of claims, while also sharing best practices and techniques for effective resolution. This event is essential for professionals looking to enhance their knowledge and skills in managing construction claims and disputes effectively.