_____ is the money held to pay for predictable but unspecified extra costs.
A) Planned reserve
B) Surety reserve
C) Contingency reserve
D) Management reserve
E) Budget reserve

Question

Quizplus · Accepted Answer

A contingency reserve is set aside to pay for predictable but unspecified extra costs that may arise during the project. It is typically used for unexpected events or risks that were not accounted for in the budget. The other options are not applicable to this scenario. A planned reserve is set aside to cover known costs, a surety reserve is a specific type of contingency reserve in construction contracts, a management reserve is held by the project sponsor or manager for unforeseeable events that may impact the project, and a budget reserve is an amount set aside in the budget for unexpected expenses.

_____ Is the Money Held to Pay for Predictable but Unspecified