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7. Contingency Provision: No matter how careful the plan, some project expenses will almost certainly be higher than budgeted, or unanticipated costs will surface. The calculation of one-time costs should include a contingency provision of 10 percent of the total one-time costs identified above. The contingency provision is not a license to allow the identified one-time costs to go unmanaged, but recognition of the fact that this is a complex undertaking and the unexpected is to be expected.
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David Hetherington
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