contingency

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Related to Contingency (logic): contingence, contingencies

Contingency

A sum of money identified contractually to provide for unforeseen activities during the course of the building project.

contingency

uncertainty of social outcome. Conceptions of an inherent contingency of social events underpin much opposition to apparently deterministic theories of SOCIAL CHANGE such as some versions of MARXISM or EVOLUTIONARY THEORY. See also CHANCE.

contingency

An amount of money, included in the budget for building construction, that is uncommitted for any specific purpose. This amount is intended to cover the cost of unforeseen factors related to the construction which are not specifically addressed in the budget.