Fixed price tailored packages
A fixed price can readily be agreed if the parties are clear about what they want.
A telephone mediation, based on an exchange of written statements, might be agreed at £500 each plus VAT.
For adjudications, the parties can keep the fees down by agreeing not to have reasons – or agreeing the reasons are limited to, say, no more than four sheets of A4 paper. A simple adjudication over compliance with notice requirements under a building contract could be adjudicated for the low thousands of pounds.
Again, with the arbitration, if the parties will agree a fixed timescale, a limit on submissions and the amount of documents and a short statement of reasons, it is certainly possible to agree on a fast-track arbitration for £4,000-5,000 a party plus VAT.
In the case of adjudication and arbitration, the adjudicator or arbitrator will decide which party ultimately pays the fees.