CIAC, a registered society with its headquarters in New Delhi, is dedicated to promote the practice of institutional arbitration in the Indian construction industry. CIAC is working under the aegis of Construction Industry Development Council (CIDC), an apex body for the Construction Industry established by the Planning Commission and construction industry.
It is believed that substantial sums amounting to several crores of rupees are locked up in many contractual disputes in the Construction Sector alone in India. The Construction Industry therefore felt the need to introduce new measures so that disputes are resolved in a fair, speedy and cost efficient manner.
With a view to providing an institutional mechanism for resolution of construction and infrastructure related disputes, the
Construction Industry Development Council, India (CIDC) in cooperation with the
Singapore International Arbitration Centre (SIAC) has set up an Arbitration Centre in India called the Construction Industry Arbitration Council (CIAC).
CIAC provide facilities for alternative dispute resolution (ADR), which includes international and domestic commercial arbitration. CIAC conducts executive development programmes and workshops and National / International Conferences on various aspects of Alternate Dispute Resolution process (ADR).