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Should I apply a contingency charge on estimates for foresight of possible problems?
10/29/09 1:32 PM, Viewed by asker 11/19/09 3:08 PM
Total Views: 42
Total Views: 42
Should I apply a contingency charge on estimates for foresight of possible problems. However, if no problems/extra costs occur, should I remove the charge, or just discount?
All Replies: Answers (1)
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Answer
10/30/09 10:21 AM
What kind of business are you in that there is such a risk of unforeseen problems that you can't depend on your estimate? Sooner or later everybody has a job that doesn't turn out profitable. The idea is to maintain profitability over a period of time.
