Construction contracts are landing in court more often — and at higher dollar figures — than ever before, as runaway costs and pressure to build faster have led to a spike in disputes.
The average value of construction disputes in North American courts was $42.8M at the end of 2022, up from $30.1M the prior year, the highest value ever recorded and double the averages between 2016 and 2019, according to a study released by the engineering consulting firm Arcadis.
