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What are the potential risks and rewards of including a higher or lower contingency amount in a construction estimate?

What are the potential risks and rewards of including a higher or lower contingency amount in a construction estimate?

Fundamentals Of Construction Estimating
Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter8: Pricing Generally
Section: Chapter Questions
Problem 17RQ
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What are the potential risks and rewards of including a higher or lower contingency amount in a construction estimate?

 

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