Question

In estimated cost what is the value taken for contingencies?

(a) 0.5%-2.5%

(b) 3%-5%

(c) 5%-6%

(d) 0%

The question was asked in an internship interview.

My query is from Units of Measurement and Payment for Various Items topic in portion Nomography, Computer Aided Drafting & Procedure of Estimating of Civil Engineering Drawing

Answer 1

The correct answer is (b) 3%-5%

Easy explanation: The dictionary meaning of contingencies is defined as- A future event or circumstance

which is possible but cannot be predicted with certainty or a provision for a possible event or

circumstance. In engineering is said to be as an incidental expense.