Increase in FIDREC Adjudication Fees: A Statistical Analysis

Explore the evolving landscape of FIDReC fees set in 2005, evaluating their adequacy through today’s inflationary lens. While mediation remains cost-free, the S$50 adjudication fee has become insufficient to deter low-merit claims, as its value has diminished over time. Our analysis will examine inflation impact, claim behaviour, and benchmark S$100 as a new fee model aligning with local and global standards. By restoring the fee's real value, we aim to ensure only earnest adjudication...