For projects that are new and have high risk, the contractor should include larger amounts of contingency reserves.

Question

Quizplus · Accepted Answer

Contingency reserves are included in the project budget to account for unknown risks that may impact the project. For new projects with higher levels of risk, the contractor should include larger contingency reserves to mitigate the impact of these risks on the project budget and timeline.

For Projects That Are New and Have High Risk, the Contractor