AK General Contractor Practice Questions - Alaska General Contractor Exam

What is the difference between 'mediation' and 'arbitration' in construction disputes?

They are identical processes Mediation is a non-binding facilitated negotiation; arbitration results in a binding decision by a neutral party Mediation is always binding; arbitration is non-binding Both require a jury

Correct Answer:

Mediation is a non-binding facilitated negotiation; arbitration results in a binding decision by a neutral party

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