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Real Estate Glossary

Contingency Cost

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Written by Luis Escobar

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.

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Luis Escobar

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