contingency allowance

contingency allowance

A sum designated to cover unpredictable or unforeseen items of work, 1 or changes subsequently required by the owner.
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Closeout Submittals FP 16 Contingency Allowance AL.
8 billion over a 42-year period, with a built-in 15 to 20 per cent contingency allowance.
Things to take into account include possible increases in interest rates, and a fairly hefty contingency allowance.
An economic analysis of the proposed sub-project has indicated a return on investment nearly twice the average of the region including a typical contingency allowance.
Change orders over $50,000 will be approved if there were sufficient funds in the project contingency allowance and approved by the Paris Community Pool Building Committee.
The arrangements include an available cost over-run facility of USD30m that will be in addition to a contingency allowance of USD32m in the budget.
Because landscape installation can be affected by so many variables--including weather delays, installation crew inefficiencies, miscalculation of materials to name just a few--a contingency allowance is included in the price.
Build in a contingency allowance, just in case things go wrong, either through setting revenue targets below those forecast, in case levels of business do not meet expectations; or through controlling expenditure early in the financial year, until you get a clearer picture of how well you are performing to budget.
In your contracts, include a 5% to 15% contingency allowance.
4-billion surplus with an additional $300 million contingency allowance on February 15.
The contingency allowance is something like insurance for the landscape contractor.
The contingency allowance turned out to be woefully insufficient.

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