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#1
12-26-2008, 05:08 PM
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what is contingency allowance?
what is contingency allowance? i am working on the module 1 exercise. there is a contingency allowance of 15%.. can someone tell me, what is it mean. thanks.
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#2
12-26-2008, 10:41 PM
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The contingency allowance is an extra term that is intended to cover any expenses that may have been overlooked (or misstated) in the calculations -- an obvious example being inflation. It's a "provision for adverse deviation" (PAD).
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The Poisson distribution wasn't named after a fish -- it was named after a man ... who was named after a fish.
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