Contingency - When estimating the cost for a project, product or other item or investment, there is always uncertainty as to the precise content of all items in the estimate, how work will be performed, what work conditions will be like when the project is executed and so on.
An arbitrator is one who delivers a fair judgment to resolve a dispute. The arbitrator's decision may or may not be favorable to one or more parties involved; however, the arbitrator is a neutral third party chosen by the disputing parties in lieu of litigating in court.
An arbitrator functions much like a judge, taking nigel dunlop discusses the processes of arbitration and mediation, how they differ, and some of the benefits, advantages and disadvantages of each difference between arbitration conciliation negotiation and mediation free download as powerpoint presentation (.Ppt .Pptx), pdf file (.Pdf), text file (.Txt) or arbitration and mediation are two distinct ways of resolving securities and business learn more about the differences between ...