Contingency provision
The Green Book, Central Government Guidance On Appraisal And Evaluation, Published by HM Treasury in 2018, suggests that contingency provision: ‘…should reflect the sum of measured risk (costs of risks avoided, shared and mitigated on an expected likelihood basis) and optimism bias adjustment estimated in nominal prices.’
For more information see: Contingency.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Cost planning, control and related articles on DB.
Helping prevent those unwanted outcomes.
ICE debate Public transport - post pandemic.
How has transport changed due to Covid-19 ?
Cross-ventilation in buildings. Do you have it ?
Will you need it ? after June 15 and the new Part O ?
Share your knowledge with the industry.
Create an account and write the first of many articles.
The green jobs delivery group.
CIAT commentary after the first meeting.
Liverpool's world heritage site status
Who is to blame?
Research recommends focussing on portfolio success rather than project success.
ICE and BSI launch revised PAS 128 standard.
The revised standard for mapping underground utilities.
Launching the UK net zero carbon buildings standard.
Cross-industry steering group seeks support in delivery.
How to write an inspection and test plan.
Help us update process pieces from your field.
APM report explores existing practice.
Previous reflections on mental health with CIAT.
COVID-19 and the importance of mental wellbeing.
IHBC accreditation recognised by CSCS
As Professionally Qualified Person (PQP).
The Queens speech; bill by bill for 2022.
In order of relevance and with industry responses.
Mental Health awareness week, May 9-15.
Raising awareness of the impacts of loneliness.
Rapidly renewable materials and construction.
The list is growing, and in more ways than one.
Personal experiences of infrastructure maintenance issues.
We shouldn’t build new, If we can’t maintain what's built.
Mass timber: challenges and potential solutions.
Timber Accelerator Hub phase 1 report