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