A Contingency Rate of 10% on a Building Project Budgeted

question 70

Multiple Choice

A contingency rate of 10% on a building project budgeted at $20 million means:

• A) the project organization is hoping to bring the project in for around $22 million.
• B) the project organization is hoping to bring the project in for around $2 million.
• C) the project organization is hoping to bring the project in for around $18 million.
• D) the project organization is hoping to bring the project in for around $200 million.

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Definitions:

Same-sex Marriage

The legally or socially recognized marriage between two individuals of the same sex.

Socioeconomic Status

An individual's or group's position within a hierarchical social structure, determined by factors such as income, education, and occupation.

Honesty

The quality of being fair and truthful; the act of being sincere and straightforward in one's actions and statements.

Homogamy

The tendency of people to marry others who have similar personal characteristics.