Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B
Arbitrator Disclosure. Arbitrator disclosure is the cornerstone of FINRA arbitration, and the arbitrator's duty to disclose is continuous and imperative.
by FreeAdvice staff. In the arbitration process one or more arbitrators hear evidence from the parties to a dispute and then issue an award that declares who gets what.In some instances, the arbitrator may also write an opinion explaining the reasoning that led to the award.The award and opinion cannot be reviewed by a court, and there is no appeal. Arbitration is a substitute for a trial and review of a trial courtâs decision by appellate courts. It is different from mediation.n some instances, the arbitrator may also write an opinion explaining the reasoning that led to the award. The award and opinion cannot be reviewed by a court, and there is no appeal. Arbitration is a substitute for a trial and review of a trial courtâs decision by appellate courts.