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Q: Allowance for contingencies can be expressed as a percentage of _______.
  • A. total cost
  • B. supervision charges
  • C. establishment charges
  • D. rate of each item
Correct Answer: Option A - Contingencies (3-5% of project Cost)– It is unforeseen/incidental expenses which cannot be predicted prior to the execution of project. Example–severe accident, specialist visit on site, etc.
A. Contingencies (3-5% of project Cost)– It is unforeseen/incidental expenses which cannot be predicted prior to the execution of project. Example–severe accident, specialist visit on site, etc.

Explanations:

Contingencies (3-5% of project Cost)– It is unforeseen/incidental expenses which cannot be predicted prior to the execution of project. Example–severe accident, specialist visit on site, etc.