Contractors and subcontractors in the commercial construction industry should consider expedited, or fast track, arbitration clauses in their construction contracts. Expedited arbitrations are meant to be a cost-saving measure for smaller claims and typically involve a shorter schedule, limited or no discovery, and a single arbitrator.
While expedited arbitrations are typically used for smaller claims, these procedures are not limited to smaller projects. Smaller claims can arise on any commercial construction project, especially with subcontractors, suppliers, or other parties with limited scopes on the project.
