The total project budget consists of land, hard costs, soft costs and contingency. The contingency is...

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The total project budget consists of land, hard costs, soft costs and contingency. The contingency is...

The total project budget consists of land, hard costs, soft costs and contingency. The contingency is 5% of total project budget excluding land. Land cost is $10, hard cost is $70 and soft cost is $15. What is the contingency, rounded to nearest penny?

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Answer 1

Answer #1

Total project cost excluding land = 70+15 =85

Contingency =Project cost excluding land*contingency = 5%*85 = 4.25

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Answer 2

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