Contingency Cost in Construction.
To carry out a project, one has to be very careful in the analysis of risk management.
Risks exist and happen in each project.
Contingency Cost in Construction
Contingency
Category Contingency. In construction projects, a contingency cost is an amount of money set apart from covering unpaid expenses or cost overruns that may occur during the project. It acts as a financial security net to ensure that the project can be completed even if unexpected issues arise. In this category, you can read some key points regarding contingency costs in construction.