Creating a Contingency Assignment for a Cost Estimate

The Add Cost Estimate Contingency Assignment component enables you to create a new contingency assignment that is not based on a reference profile and add it to a cost estimate. A contingency assignment is a group of risk factors associated with an estimate to allow for items, conditions, or events that will likely result in additional costs.

You can access the component by navigating to the Cost Estimate Contingency Assignment Overview and clicking the Add button, or by navigating to the Cost Estimate Contingency Assignment Summary and selecting Add New from the Actions menu on the component header.

You can view or enter values in these fields:

The system automatically displays the values from the associated cost estimate in the Spec Book and Current Estimate Phase fields.

Click in a field and enter information as needed. To save the new contingency assignment, you must enter values in the Profile Name and Profile Description fields.

When you are finished, click the Save button. The system displays the new contingency on the Cost Estimate Contingency Assignment Summary. See Maintaining a Contingency Assignment for a Cost Estimate for more information.