In estimated cost what is the value taken for contingencies?(a) 0.5%-2.5%(b) 3%-5%(c) 5%-6%(d) 0%The question was asked in an internship interview.My query is from Units of Measurement and Payment for Various Items topic in portion Nomography, Computer Aided Drafting & Procedure of Estimating of Civil Engineering Drawing

In estimated cost what is the value taken for contingencies?(a) 0.5%-2

1.	In estimated cost what is the value taken for contingencies?(a) 0.5%-2.5%(b) 3%-5%(c) 5%-6%(d) 0%The question was asked in an internship interview.My query is from Units of Measurement and Payment for Various Items topic in portion Nomography, Computer Aided Drafting & Procedure of Estimating of Civil Engineering Drawing
Answer» The CORRECT answer is (b) 3%-5% Easy explanation: The dictionary meaning of CONTINGENCIES is defined as- A future event or circumstance which is possible but cannot be PREDICTED with certainty or a provision for a possible event or circumstance. In engineering is said to be as an incidental EXPENSE.

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