The Impact of Joint Ventures on Formal Dispute Resolution in the UK Construction Industry

Has the increase in Joint
Ventures within the UK
Construction Industry reduced
the requirement for formal
Dispute Resolution

Table of Contents
CHAPTER 1: INTRODUCTION (1000)........................................................................................3
1.1 Background to the research ...................................................................................................3
1.2 Aim of research......................................................................................................................3
1.3 Objectives of research............................................................................................................4
1.4 Research objectives................................................................................................................4
1.5 Rationale of research..............................................................................................................4
1.6 Significance of investigation..................................................................................................5
1.7 Scope of research...................................................................................................................5
1.8 Limitations of the study.........................................................................................................5
1.9 Dissertation structure.............................................................................................................6
CHAPTER 2: LITERATURE REVIEW (2500).............................................................................7
2.1 Introduction............................................................................................................................7
2.2 Meaning of dispute resolution...............................................................................................7
2.3 Formal and informal method of dispute resolution................................................................8
2.4 Issues involved in formal dispute resolution.........................................................................9
2.5 An increase in Joint ventures in UK Construction industry has reduced requirement of
formal Dispute Resolution.........................................................................................................11
CHAPTER 3: RESEARCH METHODOLOGY (2000)................................................................11
CHAPTER 4: DATA ANALYSIS (2500).....................................................................................11
CHAPTER 5: FINDINGS AND DISCUSSION (1000)................................................................11
CHAPTER 6: CONCLUSION AND RECOMMENDATIONS (1000).......................................11
REFERENCES..............................................................................................................................11

Topic: Has the increase in Joint Ventures within the UK Construction Industry reduced the
requirement for formal Dispute Resolution?
CHAPTER 1: INTRODUCTION (1000)
1.1 Background to the research
With booming economy and competitive world, it is quite natural to have opposing
interests, values and needs. Having such conflicts can act as problems and can affect overall
business setup as well. Conflicts can be harmful when they take the shapes of disputes. They can
not be ignored as they can cause real damage and can bring a business at the verge of standing
still, in terms of revenues, profitability and growth (Lumineau and Oxley, 2012). The situation
can be quite stressful and can be physically and psychologically draining. The process can be
quite time consuming and can also destroy the relationship between business partners.
Dispute resolution is method is generally adopted by trained neutrals. So that people, who
are in dispute, can clearly communicate, involve in negotiation, develop and evaluate solutions.
It also helps in resolving the conflicts that may be occurring in the two parties. It is an
interdisciplinary field that can be attracted through the background of human resources, social
work and law. Generally, there are certain mechanisms that are used to resolve out the disputes.
These methods are, arbitration, mediation, negotiation, collaborative law, litigation, conciliation
and facilitation. Adoption of these methods can help in ensuring that the conflicts between the
two parties can be sorted out (Duca, Rule and Loebl, 2012).
However, in Joint Venture construction companies of UK, informal method of dispute
resolution has been becoming quite common due to various benefits attached to it. Since, it is
less time taking process with maximum benefits of valid results to both the parties attached to it,
makes it more preferable by the companies (Sohn and Bal, 2012). It also helps them to continue
their business relationship in longer run. Further, their concern can be kept private, without
disclosing it to general public which helps in making it more preferable method of dispute
resolution.
1.2 Aim of research
The main aim of present study is
“To assess that whether an increase in Joint ventures within the UK Construction
industry has reduced the requirement of formal Dispute Resolution”
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1.3 Objectives of research
Based on the above aim, following objectives can be performed:
 To assess the concept of formal and informal dispute relationship process.
 To analyse the benefits of not getting involved in formal dispute resolution process.
 To assess that whether an increase in Joint ventures within the UK Construction industry
has reduced the requirement of formal Dispute Resolution.
 To recommend on methods of adoption of various informal dispute resolution.
1.4 Research objectives
Based on the above objectives, following research questions can be framed:
 What is the concept of formal and informal dispute resolution process?
 What are the benefits of not getting involved in formal dispute resolution process?
 whether an increase in Joint ventures within the UK Construction industry has reduced
the requirement of formal Dispute Resolution?
 What are the recommendations on methods of adoption of various informal dispute
resolution?
1.5 Rationale of research
It is important to have specific relevance to the research that an investigator is involved in
conducting. Hence, it must hold some worth that thereby helps in serving specific purpose. It
becomes important for the researcher to go through practical as well as academic aspects of
research before finalizing the topic for particular research. Since, the present investigation is
based on dispute resolution method and its adoption by various joint venture construction
companies in UK. Increasing adoption of informal dispute resolution method helps in ensuring
that the process is not time consuming and decisions can be made as per suitability of both the
parties that are involved in it. Another important aspect is to prepare an assessment of its
prevalence in the country so as to judge its adoption level as well (Susskind, 2017). There are
various researchers who have also been involved in conducting research on this topic, which has
generated the requirements to analyse it in different manner. Hence, it will be helpful in
preparing an assessment for present and future researches as well. It will help in developing and
improving current knowledge aspect, possessed by the researcher, on stated topic.
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