Computer · Estimating and Costing
In detailed cost estimation, what does the term 'contingency' refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total cost of the project
- 2The direct cost of labor and materials
- 3An allowance for unexpected expenditure during execution✓
- 4Contractor's profit
Correct answer
An allowance for unexpected expenditure during execution
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