Webcontingency: [noun] a contingent event or condition: such as. an event (such as an emergency) that may but is not certain to occur. something liable to happen as an … WebMoreover, contingency in construction is an aspect of risk management to ensure projects can progress without delay. It helps mitigate surprise costs due to numerous factors. For example, bad weather or material price fluctuations. So, most contractors calculate contingencies in their budget from the very beginning.
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Contingency Definition & Meaning Dictionary.com
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