Contingency Cost in Construction
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.
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.
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.