Contingency
A reserve budget for unforeseen costs, typically 5-10% of construction costs. Contingency covers unexpected ground conditions, design changes, material price increases, and other risks that cannot be precisely budgeted.
Why it matters
Lenders require contingency. Projects without it are underfunded from day one.
In Profivo
Set as a percentage of (preliminary + build) costs combined and automatically added to total project costs. The base includes preliminaries so the buffer covers unexpected expenses across all construction phases.