(2) On application by either p
arty to an arbitral award, made within seven days after the day on which the arbitral award is made, t
he Chairperson may, within seven days after the day on which the application is made, direct the arbitration board to review the arbitral award, or any part of it, if in the Chairperson’s opinion, the arbitral award, or any part of it, does not represent a reasonable application of the factors referred to in section 148 based on a full consideration of the written
...[+++] submissions provided to the arbitration board.