Model Dispute Review Board Agreement

A Model Dispute Review Board (DRB) Agreement is a formal document that outlines how parties involved in a construction or infrastructure project will resolve disputes through an impartial review panel. The DRB is typically composed of experts who review issues as they arise, helping to prevent disputes from escalating into costly litigation. The agreement specifies the DRB’s composition, processes for addressing disputes, and procedures for decision-making. It aims to promote timely, fair, and efficient resolution of disagreements, minimizing project delays and costs while maintaining professional relationships between the involved parties.