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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00 Contingency Allowance In Accordance With The Contract Documents.
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.
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.
4-billion surplus with an additional $300 million contingency allowance on February 15.
The effect of this will depend on the level of contingency allowance.
She said: Money Advice Scotland fully supports and welcomes the introduction of a contingency allowance for consumers who are in statutory debt solutions.
6 million, including working capital and a contingency allowance.
Project also includes a contingency allowance for rapid response repairs following Substantial Completion; see SP-14 in the technical specifications for additional details.
Of this total contingency allowance, approximately US$28 million was designated for any escalation in the project's local expenses due to Venezuelan macroeconomic fluctuations.

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