In: Accounting
Given the following conditions, estimate and compare your thoughts on expected costs and time associated with arbitrating or litigating the case involving:
A case involving a dispute over $2,000,000 claimed to cover removal of the cyanide in the soil that was not on the contractor’s scope
Both owner and contractor will use lawyers
Depositions will not be needed in arbitration, but will be needed for 45 witnesses in litigation
All of the witnesses will testify in both arbitration and litigation
The arbitration will use one arbitrator
Method of remediating cyanide- contaminated soil.
The method is provided to remediate soil contaminated with cyanide and treat the cyanide, which includes collecting the soil contaminated with first cyanide in a solid state and second cyanide in a gaseous or dissolved state, dissociating cyanide by mixing the soil with an alkali washing solution, dissolving the first cyanide in a solid state in the washing solution, and transferring the second cyanide in a dissolved state dissociated from the soil to the washing solution, dissociating the soil from the washing solution, precipitating the first cyanide in a solid state by acidifying the washing solution containing the cyanide, and performing post-treatment on the first cyanide after the first cyanide precipitated in a solid state is dissociated from the washing solution.
As Many Procedures are involved in removing the Cyanide in the soil. The cost will be incurred in every process as mentioned above and after every process, multiple testing cost will be there to identify the fertility of the soil. Further, the Legal cost will be there along with the testification of 45 Witnesses.