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.
Courts Will Inquire What The Arbitrator Disclosed To The Parties. Underlying its review of an award is the courtâs expectation that prior to the evidentiary hearings, a neutral arbitrator has disclosed to the parties everything that ought to have been revealed.