A submission agreement is a contract in which the parties agree to submit a particular existing controversy to arbitration and to abide by the award of the arbitrator or arbitration panel. The agreement is governed by the rules applicable to contracts generally, and consideration is supplied by the mutual covenants of the parties to be bound by the award rendered.
Phoenix, Arizona is the fifth-largest populous city in the United States and is the capital of the state of Arizona. Situated in the Sonoran Desert, Phoenix boasts a vibrant urban center with a rich cultural heritage, stunning natural landscapes, and a thriving economy. Known for its warm climate and breathtaking sunsets, it attracts millions of visitors each year. This content is relevant to a submission to arbitration of a dispute between a building construction contractor and owner in Phoenix, Arizona. When it comes to such disputes, there are several common types that might arise within the construction industry: 1. Contractual Disputes: These disputes typically revolve around disagreements over the terms and conditions outlined in the contract between the construction contractor and the project owner. It may involve issues such as project delays, cost overruns, scope changes, or quality of work. 2. Defective Workmanship Claims: These disputes arise when the owner alleges that the construction contractor's work did not meet the required industry standards, leading to subpar or defective workmanship. This could include problems with structural integrity, faulty installations, or non-compliance with building codes. 3. Payment Disputes: This type of dispute often arises when the project owner refuses to pay the contractor for completed work, delays payment, or disputes the amount owed. It can involve issues such as disputed change orders, invoicing discrepancies, or the withholding of payment based on perceived deficiencies in the completed work. 4. Design Errors or Omissions: In this type of dispute, the owner asserts that the construction contractor's design team made errors or omissions in the project's plans and specifications, resulting in additional costs, delays, or substandard construction work. 5. Insurance and Bond Claims: These disputes typically involve disagreements related to insurance coverage, performance bonds, or surety bonds. It may encompass issues such as denied claims, inadequate coverage, or failed bonding obligations. In Phoenix, Arizona, submissions to arbitration of disputes between building construction contractors and owners can take various forms, depending on the specific circumstances and agreements between parties. The arbitration process provides an alternative means of dispute resolution, aiming to avoid courtroom litigation by allowing an impartial third party (the arbitrator) to review evidence, listen to arguments, and render a binding decision. In summary, Phoenix, Arizona offers a diverse range of construction projects and opportunities, which inevitably result in occasional disputes between contractors and owners. A fair and efficient arbitration process serves as a valuable method for resolving such disputes, ensuring both parties can reach a mutually agreeable resolution and continue contributing to the city's thriving construction industry.
