5. Using the information in the table below, calculate the total maximum risk contingency for the project. You may fill

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5 Using The Information In The Table Below Calculate The Total Maximum Risk Contingency For The Project You May Fill 1 (54.78 KiB) Viewed 47 times

5. Using the information in the table below, calculate the total maximum risk contingency for the project. You may fill in the blank cells in the table to help you with your calculations. Suppose that you had decided to simply estimate the risk contingency as 7% of the total base cost. Would you have overestimated underestimated the appropriate amount of contingency compared the result from the expected net risk calculation? Element Base Cost Max Cost % Probability 20% 20% Clearing $3,694 $4,000 Excavation $21,296 $23,000 Compaction $2,945 $3,500 Handwork $1,750 $2,000 Landscaping $8,720 $9,500 Paving $105,633 $110,000 10% 15% 30% 40%