Interior Design Professional Practice Exam

Category - Interior Design Practice Exam

If design firm ABC wanted to add funds to the budget to account for unforeseen change requests by the client and other conditions what is this called?
  1. Safety Net
  2. Contingencies
  3. Credit fund
  4. Back up withholding
Explanation
Answer: B - Contingencies
Contingencies are put into a budget to account for unforeseen items or request in a contract.
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