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.
Bronx, New York is one of the five boroughs of New York City, located in the southern part of the state. Known for its rich history, diverse population, and vibrant culture, Bronx is home to countless residential, commercial, and industrial buildings. With its bustling construction industry, conflicts and disputes between building construction contractors and owners are not uncommon. In such cases, arbitration offers an alternative to litigation for resolving these disagreements. Submission to arbitration of a dispute between a building construction contractor and an owner in Bronx, New York involves the process of presenting the issue to an impartial third-party arbitrator or panel. This method provides an efficient and cost-effective means of resolving conflicts, avoiding lengthy court battles, and maintaining a positive working relationship between the parties involved. Some common types of Bronx, New York submissions to arbitration in disputes between building construction contractors and owners may include: 1. Contractual Disputes: These disputes typically arise from disagreements related to the terms, conditions, and obligations defined within a construction contract. 2. Delay Claims: Disagreements between the contractor and owner regarding project timelines, missed deadlines, or delays caused by unforeseen circumstances like weather, labor shortages, or material unavailability are often submitted to arbitration. 3. Defective Work/Material Claims: When construction work or materials used do not meet the agreed-upon specifications or industry standards, disputes may arise between contractors and owners, resulting in submissions to arbitration. 4. Payment Disputes: Disagreements about payment terms, change orders, unpaid invoices, or project cost overruns often necessitate arbitration for prompt resolution. 5. Breach of Contract: When one party fails to fulfill their contractual obligations, disputes may arise, and the aggrieved party may seek arbitration as a means of seeking appropriate remedies. 6. Professional Negligence Claims: Allegations of professional negligence by the contractor, including poor workmanship, design errors, or violation of building codes, can be settled through arbitration. 7. Change Order Disputes: Changes made to the project scope, cost, or timeline that are not mutually agreed-upon can lead to disputes requiring arbitration for resolution. It is important for both the building construction contractor and the owner to carefully review the submission to arbitration provisions included in their construction contract, ensuring that they understand the specific procedures, rules, and deadlines involved in the arbitration process. Seeking legal advice is recommended to ensure compliance with applicable laws and regulations governing arbitration in Bronx, New York.Bronx, New York is one of the five boroughs of New York City, located in the southern part of the state. Known for its rich history, diverse population, and vibrant culture, Bronx is home to countless residential, commercial, and industrial buildings. With its bustling construction industry, conflicts and disputes between building construction contractors and owners are not uncommon. In such cases, arbitration offers an alternative to litigation for resolving these disagreements. Submission to arbitration of a dispute between a building construction contractor and an owner in Bronx, New York involves the process of presenting the issue to an impartial third-party arbitrator or panel. This method provides an efficient and cost-effective means of resolving conflicts, avoiding lengthy court battles, and maintaining a positive working relationship between the parties involved. Some common types of Bronx, New York submissions to arbitration in disputes between building construction contractors and owners may include: 1. Contractual Disputes: These disputes typically arise from disagreements related to the terms, conditions, and obligations defined within a construction contract. 2. Delay Claims: Disagreements between the contractor and owner regarding project timelines, missed deadlines, or delays caused by unforeseen circumstances like weather, labor shortages, or material unavailability are often submitted to arbitration. 3. Defective Work/Material Claims: When construction work or materials used do not meet the agreed-upon specifications or industry standards, disputes may arise between contractors and owners, resulting in submissions to arbitration. 4. Payment Disputes: Disagreements about payment terms, change orders, unpaid invoices, or project cost overruns often necessitate arbitration for prompt resolution. 5. Breach of Contract: When one party fails to fulfill their contractual obligations, disputes may arise, and the aggrieved party may seek arbitration as a means of seeking appropriate remedies. 6. Professional Negligence Claims: Allegations of professional negligence by the contractor, including poor workmanship, design errors, or violation of building codes, can be settled through arbitration. 7. Change Order Disputes: Changes made to the project scope, cost, or timeline that are not mutually agreed-upon can lead to disputes requiring arbitration for resolution. It is important for both the building construction contractor and the owner to carefully review the submission to arbitration provisions included in their construction contract, ensuring that they understand the specific procedures, rules, and deadlines involved in the arbitration process. Seeking legal advice is recommended to ensure compliance with applicable laws and regulations governing arbitration in Bronx, New York.
