Construction Arbitration Less Than 75K
Product Code: 42
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- This applies to claims that total below $75,000.
- Our organization provides parties with two options that apply to paying administrative fees.
- Each Initial Filing Fee must get paid in full by every filing party.
- The ArbitrationAgreements.org Flexible Fee Schedule features an Initial Filing Fee.
- A Final Fee applies to all cases that lead to a first hearing taking place.
Construction Arbitration Less Than 75K
ArbitrationAgreements.org provides premium, top-rated construction arbitration under $75,000. Our initial filing fee is only $750. This applies to claims that total below $75,000. Plus, our final construction arbitration fee is $800 if claims total under $75,000. Countless organizations across the country turn to us for construction arbitration. Also, our team can provide full-scale environmental and real estate arbitration. We're pleased to serve as a trusted provider of ADR: alternative dispute resolution. One of our key missions is to ensure that the US construction industry can thrive. Please read below to learn about our basic construction arbitration fees and schedules. If you have any questions, do not hesitate to pick up the phone and give us a call.
Standard & Flexible Administrative Fees
Our organization provides parties with two options that apply to paying administrative fees. Parties can opt to enlist in either standard or flexible administrative fee schedules. Our schedule policy is simple. Administrative fees get based on the amount of a claim or counterclaim. The fees must apply to the party that brings each claim or counterclaim. This refers to the time frame in which the claim/demand becomes filed. (The filing process takes place through ArbitrationAgreements.org.) Please keep in mind that compensation for arbitrators doesn't apply to either schedule. Also, administrative fees and arbitrator compensation become subject to allocation. This refers to a process where an arbitrator provides an allocation through an award. The only exception is when the arbitrating parties’ agreement provides unique terms.
Here is how the Standard Fee Schedule of ArbitrationAgreements.org works. It functions as a two-payment schedule. Through the schedule, there are somewhat higher Initial Filing Fees. But the overall administrative fees become lower. This applies to cases that proceed to an arbitration hearing. Our Flexible Fee Schedule functions as a three-payment schedule. The Initial Filing Fee is lower than the Standard Fee Schedule filing fee. Plus, the Flexible Fee Schedule spreads out upcoming payments. Those payments get collected throughout the course of arbitration. Keep in mind that total administrative fees will cost a little more. This applies to cases that proceed to an arbitration hearing.
More About the Standard Fee Schedule
Each Initial Filing Fee must get paid in full by every filing party. This applies whenever a claim, counterclaim, or second claim becomes filed. A Final Fee must get incurred for every case proceeding to a first hearing. That fee becomes payable in advance once the first hearing gets scheduled. Fee modifications sometimes must take place. Fees can increase if a claim/counterclaim increases beyond an initial filing date. But fees also can become subject to decrease. This can happen if a claim/counterclaim decreases before the first hearing.
Say that your case features three or more arbitrators. This means that your case becomes subject to a minimum Initial Filing Fee totaling $4,000. Plus, the total of the Final Fee becomes $3,500. Here is how the ArbitrationAgreements.org non-monetary claims process works. Our organization reserves the right to put in place a Non-Monetary Filing Fee. This fee refers to the Minimum Filing Fee. That fee applies to every case where non-monetary relief gets requested. Let’s say that your party seeks both non-monetary relief and monetary damages. The higher total of these two filing fees must apply.
More About the Flexible Fee Schedule
The ArbitrationAgreements.org Flexible Fee Schedule features an Initial Filing Fee. That fee functions as a paid-in-full cost by a filing party. This is the case whenever a claim, counterclaim, or second claim gets filed. Keep in mind that the Proceed Fee has to get applied within ninety days. This time frame begins once a filing of demand for arbitration takes place. (Or, the filing of a counterclaim.) Our organization cannot proceed with more administration until this fee gets paid. This includes beginning the process of appointing an arbitrator.
Say that the Proceed Fee does not get submitted within the ninety day time frame. (Once a filing of a demand for arbitration by a claimant takes place.) This means our administrative team will close the file and notify every party. Say the Flexible Fee Schedule functions for the purposes of filing a counterclaim. The Proceed Fee payment must take place. Otherwise, a counterclaim cannot get presented before an arbitrator.
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