When businesses in Massachusetts are involved in contract disputes with other businesses or governments over an issue, the losses may be many. In addition to the financial troubles that business owners have to experience because of lengthy business litigation, extended disputes can also hamper a business's reputation, which can, in turn, severely affect a business's future prospects. Considering such problems, it may be safer and wiser option to seek a resolution before the matter gets out of the hand.
One such example, of which residents of Boston, Massachusetts, are well aware, is the Central Artery/Tunnel Project -- or the "Big Dig." After almost two decades of continuing disputes and business litigation, the seven-member board of the transportation department finally gave their approval to a settlement of $88.7 million as the final payment to a joint venture, Perini-Kiewit-Cashman (PKC).