A method for decentralized resource allocation in an integrated circuit. The method includes receiving a plurality of requests from a plurality of resource consumers of a plurality of partitionable engines to access a plurality resources, wherein the resources are spread across the plurality of engines and are accessed via a global interconnect structure. At each resource, a number of requests for access to said each resource are added. At said each resource, the number of requests are compared against a threshold limiter. At said each resource, a subsequent request that is received that exceeds the threshold limiter is canceled. Subsequently, requests that are not canceled within a current clock cycle are implemented.