contingency cost

What Is Contingency In A Budget?

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What Is Contingency In A Budget? What is a contingency budget? A contingency budget is money set aside to cover unexpected costs during the construction process. This money is on reserve and not allocated to one area of the work, and simply “insurance” against other costs. What is an example of a contingency cost? For

What Is Contingency In Cost Estimate?

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What Is Contingency In Cost Estimate? AACE International has defined contingency as “An amount added to an estimate to allow for items, conditions, or events for which the state, occurrence, or effect is uncertain and that experience shows will likely result, in aggregate, in additional costs. What is contingency in estimating and costing? contingencies in