Cost Allocation Study
Compliance Posted On: November 18, 2024 Closing On: November 21, 2024
Cost Allocation Study Carrying out a Cost allocation for Horizon Tower Located in Dubai Marina
1. Identification: Identify the asset/service/utility to which the costs have to be assigned. 2. Inspection: Study each cost through desk-based review and onsite inspection to understand the dynamics of each cost. 3. Classification: Accumulating the costs in different pools, such as by function. 4. Methodology: Identifying the most appropriate basis/method for allocating the cost. 5. Allocation: Allocating costs/percentages (share cost) to the appropriate department/division based on the appropriate method. 6. Reporting: Final report detailing our findings and recommendations.
Components of the property to be included in the Cost Allocation Study:
1. Residential - 174 2. Retail - 1
No private/extra parking
No Subcontracting: In accordance to Jointly Owned Property Law No.6,2019, Notwithstanding anything in this Agreement, the vendor/contractor may not use any subcontractor to perform any of his obligations under this work order. Unless:
(a) Vendor has obtained the prior written consent of SAGA to the use of the subcontractor, and
(b) Vendor has entered into a separate written agreement with the subcontractor which requires the subcontractor to agree to and abide by all the terms and conditions of this Agreement.
The Community shall be deemed to be a third-party beneficiary of any such agreement between the vendor and a permitted subcontractor.
Notwithstanding the foregoing, the vendor shall not be relieved of any of its duties or obligations under this Agreement as a result of entering into a written agreement with a permitted subcontractor.
