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CIB Conferences

Abstract

Client organisations sometimes prescribe contingency levels that should be applied to their infrastructure projects. However, some clients do not have specified periods to review the prescribed contingency levels. The purpose of this study was to ascertain the views of experienced professionals on the recommended periodic review of contingency levels. A survey involving 53 respondents from client organisations was used to obtain data on recommended intervals for periodic reviews of contingency levels in client organisations. The findings reveal a strong consensus on the need for periodic contingency re-assessment, with 98% of respondents recommending reviews every six months or more frequently, aligning with cost-reporting cycles. This reflects a shift toward dynamic contingency management, where regular adjustments throughout the project lifecycle are seen as essential for effective risk and cost control. As projects are implemented in dynamic environments, clients are advised to establish an organisational policy to ensure regular periodic reviews of contingency practices.

The paper will be presented:

In-person

Primary U.N. Sustainable Development Goals (SDG)

Industry, Innovation and Infrastructure - - Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

Secondary U.N. Sustainable Development Goals (SDG)

Decent Work and Economic Growth - - Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Primary CIB Task Group OR Working commission

W118 – Clients and Users in Construction

Secondary CIB Task Group OR Working commission

TG91 – Infrastructure

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