Archive for May 2015

Contingency – What is It? Part 1

FROM THE DESK OF: Dick Troell, P.E. CONTINGENCY – What is it? (Part 1) Of all the terms applicable to projects, one is maligned, cursed, misunderstood, misapplied, misused, and otherwise ill-treated far more than any other. That term is Contingency. If ten project professionals were asked to give their definition of contingency, most certainly there…

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