How does an owner provide a financial safeguard for the following situations: - unanticipated price escalation of a particular product - an architect’s omission of flashing in the construction documents - a necessary change during construction, modifying the project’s scope. A. Allowance B. Alternates C. Contingency D. Escalation Answer C. Contingency is an amount, usually a percentage, that is part of the project budget to offset changes in the scope of the project, unknown conditions, and gaps/oversights in the documents. ARE 4.0 exam prep: PPP
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