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.
What are the costs associated with arbitration? In pursuing his or her claims, the investor is responsible for certain expenses. Those expenses include filing fees, discovery costs, the cost of preparing exhibits, and, if the matter is not settled prior to arbitration, the costs of hiring expert witnesses and FINRA hearing fees.