To each task, you can add a contingency.

A contingency is an additional value on top of the calculated value, without adding an extra estimate line to a task.

You can also use the contingency to, for example, add a risk or a margin.


The relevant calculations are:

  • Bid value = Calculated value + Contingency + Index
  • Calculated value = sum of Total sales prices of all estimate lines for the task.


Standard procedure

1. Click Advanced project management.
2. Click Project quotation.
3. In the list, click the link in the selected row.
4. Click Advanced WBS.
5. Click Edit.
6. In the list, find and select the desired task.
7. Click the Calculation tab.
8. In the Contingency field, enter a number.
9. Click Save.

Notes

  • If you add or change a contingency, the bid rate and bid value are not locked automatically.
  • A contingency is considered if the bid rate and bid value are unlocked when you add the contingency.

Related to Notes

Review bid value and markup

 

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