SUBSCRIBERS

Asia leads world in value of building spats

US$86m average is 3 times that of North America; failure to administer contracts properly top reason for disputes

Published Thu, Jun 25, 2015 · 09:50 PM

    Singapore

    ASIA has the world's most expensive construction disputes, averaging a value of US$86 million, said Arcadis, a global natural and built asset design and consultancy firm.

    The region's average dispute value in 2014 shot up more than 104 per cent from the previous year, and is nearly thrice that of North America.

    Copyright SPH Media. All rights reserved.