What is the primary purpose of a contingency allowance in a engineering project budget?

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Physics · Industrial Management

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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To cover unexpected costs and unforeseen risks

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Answer 1

To cover unexpected costs and unforeseen risks

Answer 2

To cover the interest cost of financing the project

Answer 3

To pay for the contractor's net profit margin

Answer 4

To fund future expansion of the project beyond its scope

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