Section 5: element definitions
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This isurv section is based on BCIS Elemental Standard Form of Cost Analysis (4th (NRM) edition) published in 2012.
Definition: Allowance for client’s risks of unforeseen costs.
Functional definition: Not a functional element, included for accounting purposes.
Measurement: Total cost of contingencies.
13.1 Design development risks
Contractor’s commercial and other risk on framework, target...