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Old 12-26-2008, 05:08 PM
kanpingzhong kanpingzhong is offline
Join Date: Nov 2008
Posts: 50
Default 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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Old 12-26-2008, 10:41 PM
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jraven jraven is offline
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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).
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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Old 01-03-2009, 05:25 PM
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Mr Wadsworth Mr Wadsworth is offline
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Very helpful. Thanks!
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Old 01-04-2012, 08:03 PM
lockroom lockroom is offline
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Thank you.
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