Standards for Expert Determination

Standards for expert determination refer to the guidelines and criteria that ensure a fair and impartial process when resolving disputes or assessing complex matters through an expert’s opinion. This process involves selecting a qualified expert who evaluates the information presented, applies relevant knowledge and experience, and provides a reasoned conclusion. These standards help maintain the credibility and reliability of the expert determination, ensuring that both parties trust the outcome. This method is often used in fields like finance, construction, or law to provide clarity and resolve conflicts without going to court.