|
|
|
|||||||
| FlashChat | Actuarial Discussion | Preliminary Exams | CAS/SOA Exams | Cyberchat | Around the World | Suggestions |
 |
|
|
Thread Tools | Display Modes |
|
#1
12-26-2008, 05:08 PM
|
|||
|
|||
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.
|
|
#2
12-26-2008, 10:41 PM
|
||||
|
||||
|
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).
__________________
The Poisson distribution wasn't named after a fish -- it was named after a man ... who was named after a fish.
|
|
| Tags |
| eom1 |
| Thread Tools | |
| Display Modes | |
|
|
Linear Mode
