Conflict can be a huge expense for the developer. This can cost the contractor thousands of dollars in lost time, late payments, lost wages, and legal fees. You can check here to get professional help in disputes.
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Conflict can also cause a lot of unwanted stress, bad advertising, and loss of reputation, potentially adding to the loss of business and customers. A trained mediator or conflict resolution specialist can help the contractor eliminate the potential dangers and pitfalls this conflict creates. This article describes three powerful ways that a mediator or conflict resolution specialist can help contractors save money and grow their business.
Mediators can save court time and costs:- Anyone who has been involved in a dispute with a contractor knows that it can be a lengthy process and can have high legal costs. However, through mediation, serious legal costs can be drastically reduced and the settlement process accelerated. Mediation is fast and efficient.
A good mediator can quickly bring parties together and work to resolve disputes in hours, not months. You will be tasked with working with both parties to find a solution. Therefore, judicial planning and working with the legal calendar are not a problem with mediation. You can quickly and easily step back with everyone to develop a solution that works for everyone.
Additionally, mediation is cheaper than hiring a lawyer and can potentially incur additional legal costs. Intermediary fees are usually shared by all parties involved. That way, you won't be left alone with a hefty bill.