WebContingency: An existing condition, situation, or set of circumstances involving uncertainty as to possible gain (gain contingency) or loss (loss contingency) to an entity that will … WebDec 1, 2000 · Contingency can be applied to total project estimates, or in the case of larger projects, to the estimates attributed to certain elements. The contingency figure will vary according to the size and type of project, risks involved, and the amount of estimating time and effort. It could vary from less than 5 percent for a low risk, repeat-type ...
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Webcontingency definition: 1. something that might possibly happen in the future, usually causing problems or making further…. Learn more. WebMay 30, 2024 · A simple contingency contract definition is a contract that contains a contingency clause that identifies an action or condition that must be achieved for the rest of the contract to be binding. A contingency contract can be highly effective in achieving desired outcomes and actions in the future. By writing down that a contract or agreement ... WebDefinition & Citations: An event that may or may not happen, a doubtful or uncertain future event The quality of being contingent. A fortuitous event, which comes without design, … truvision bullet ir camera