The phrase "contingency cost" is correct and usable in written English.
It can be used in contexts related to budgeting, finance, or project management where costs are incurred based on unforeseen events or conditions.
Example: "We need to allocate a contingency cost in our budget to cover any unexpected expenses that may arise during the project."
Alternatives: "unexpected expenses" or "reserve funds."
The Salt Lake Organizing Committee has come in on budget ($1.3 billion) and plans to have $136 million left over to cover contingency costs.
Though not part of the formal recommendation, the report said contingency costs should range from 25%to50%0% (of the estimated total rehabilitation cost).
A 2017 report by the NSW auditor general found that security deposits paid by miners for future rehabilitation were inadequate and made several recommendations, including that the "contingency" costs be increased.
New South Wales taxpayers could be shortchanged up to $500m by a state government "accounting trick" that allows mining companies to dodge paying appropriate contingency costs for site rehabilitation.
The environmental group Lock the Gate has obtained a letter, through Freedom of Information, that shows the NSW Department of Planning and the Environment told a parliamentary committee last year it had accepted all of the auditor general's recommendations, and that it had already increased contingency costs.
Sir David has said he believes the scheme can come in "substantially" under the current budget if the £14bn set aside for contingency costs is reduced.
It said it remained unclear how much of the firm's bids covered "contingency costs" - a safety-cushion to protect it against unexpected charges.
The building's price tag already has jumped to $650 million from $600 million to provide for contingency costs associated with some of these factors.
Other than these costs, contractors' fees and contingency costs were estimated as 5%and10%0% of sum of direct cost and indirect cost.
From an economical perspective, the cost of standardized patients is high: beyond the development of scenarios (necessary in both RP and SP-training), further costs for recruiting, coaching, expert case approval, contingency costs and operating costs arise.
