Estimating & Costs

Contingency

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An amount of money set aside in a budget to cover unforeseen expenses or circumstances during a construction project.

Other Terms

Bill of Quantities (BOQ)

A document prepared by a cost estimator listing the specific materials, parts,...

Survey (Land Survey)

The technique, profession, art, and science of determining the terrestrial or...

Backfill

Material used to refill an excavated hole, usually the native soil that was...