Real Estate Glossary

Contingency Cost

inflation calculator
Written by Kevin Coulston

Contingency cost is an aproximated number set aside by the contractor or developer. This accounts for any unspecified risks associated with a particular project. Contingency costs cover unknown expenses that the contractor anticipates will occur based on personal experience or statistical probabilities.

Contingency cost is an aproximated number set aside by the contractor or developer. This accounts for any unspecified risks associated with a particular project. Contingency costs cover unknown expenses that the contractor anticipates will occur based on personal experience or statistical probabilities.

About the author

Kevin Coulston

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.