FAQ No.3
What are acceptable cost allocation methods for CFI-funded construction/renovation which is part of a larger undertaking?
A framework for the evaluation of cost allocation methods is included below. Also included is an example of a detailed cost allocation method that has been developed by Hanscomb Limited, professionals skilled in the field of quantity surveying and project management. A simplified cost allocation method is presented as an alternative. The CFI will allow an institution to use a simplified cost allocation method if the average cost of the CFI-funded space is representative of, or higher than, the average cost of the overall undertaking. Other methods may also be acceptable. Institutions must use judgment in establishing the most appropriate cost allocation method for the project.
- Framework for the Evaluation of Cost Allocation Methods