What Is The Primary Risk When Including Reserves Or Contingency Allow

1.	What Is The Primary Risk When Including Reserves Or Contingency Allowances In Your Cost Estimate?
Answer» CONTINGENCY funds are used to handle cost UNCERTAINTY DUE to UNFORESEEN purchases that may be needed during a project. These funds are generally used for items that are likely to occur but are not certain to occur. Contingency funds are used to handle cost uncertainty due to unforeseen purchases that may be needed during a project. These funds are generally used for items that are likely to occur but are not certain to occur.

What Is The Primary Risk When Including Reserves Or Contingency Allowances In Your Cost Estimate?

Answer»

CONTINGENCY funds are used to handle cost UNCERTAINTY DUE to UNFORESEEN purchases that may be needed during a project. These funds are generally used for items that are likely to occur but are not certain to occur.

Contingency funds are used to handle cost uncertainty due to unforeseen purchases that may be needed during a project. These funds are generally used for items that are likely to occur but are not certain to occur.

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What Is The Primary Risk When Including Reserves Or Contingency Allowances In Your Cost Estimate?

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