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What is Contingency Reserve in a Cost Estimate?

Summary: Have you ever reviewed a Cost Estimate of a project? Have you ever wondered what “Contingency” is in a Cost Estimate? Do you know why a contingency reserve/ fund is allocated to a cost estimate? Cost contingency is a reserved fund that is added to a base cost estimate to account for cost uncertainty.

The post What is Contingency Reserve in a Cost Estimate? appeared first on Project Control Academy.

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