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Institutional arbitration costs comprise the tribunal's fees, usually on an ad valorem scale against the amount in dispute, plus the institution's administrative fee. A sole arbitrator is materially cheaper than a three-member tribunal, which is why scale matters when drafting the clause.
Tribunal fees
Tribunal fees = Amount in dispute x Fee rate %, reduced for a sole arbitrator
Total
Total = Tribunal fees + Institutional administrative fee
Indicative estimate only. Fees, entitlements, limits and formulas vary by jurisdiction, statute, policy wording and the facts of the case. This is not legal, tax, insurance or financial advice — confirm with a qualified professional or the relevant authority.
No. Party legal costs typically exceed the tribunal and institutional fees combined and are the largest element of any arbitration budget.
The tribunal usually allocates costs in the award, often following the event, but advances on costs are normally deposited equally at the outset.