SCC 2023 Analytics: “Ad hoc vs. Institutional Arbitration in Construction Disputes”
When construction companies choose to resolve disputes in ad hoc arbitration proceedings, the costs are significantly higher, especially in large disputes. The report shows that the average cost in arbitration under the SCC's rules are approximately 40% lower than in ad hoc arbitration. And it is typically faster to resolve disputes at the SCC, which means that companies generally spend less on legal respresentation if the dispute is handled at the SCC than in ad hoc arbitration" says Natalia Petrik.