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.
Arbitration is a process where parties to a dispute engage the services of an independent third party, known as an Arbitrator, to decide the case at issue. At Solvit Dispute Resolution, we provide Arbitration services in the following areas: 1  Labour and Employment.