NEC4 · ECC 63.8
risk allowance
Money or time in a compensation event assessment for risks with a significant chance of happening that are not compensation events.
On the Aldermere project
The CE007 revised quotation included a risk allowance of GBP 2,500.
Also written as
- risk allowances
Where you meet it
- Module 9: Compensation events: quotations, assessment and implementationPractitioner Course
- Module 8: The Short Schedule and pricing compensation eventsPayment and Defined Cost