IADC signs major strategic collaboration agreement with FIDIC
The international dredging and maritime construction industry remains quite devoid of the use of mediation as a tool for Alternative Dispute Resolution. Mediation is outlined to broaden familiarity with mediation, increase confidence in the process, and inform about the benefits it can bring to the industry at large.
Contracts for dredging and offshore works are diverse. Moreover, increasing financial and/or managerial constraints require contracting parties to change the apportionment of commercial risk. Contractors and suppliers have to adapt to contracts that are chosen unilaterally by the owner. Turnkey and engineering, procurement, and construction (EPC) contracts are becoming more common in the industry and bring their own benefits and challenges.