Section 5: element definitions
13 Risk (Client’s contingencies)
Definition: Allowance for client’s risks of unforeseen costs.
Functional definition: Not a functional element, included for accounting purposes.
Measurement: Total cost of contingencies.
| Includes | Excludes |
| 13.1 Design development risks | Contractor’s commercial and other risk on framework, target contracts, etc. to be spread across elements and preliminaries. |
| 13.2 Construction risks | |
| 13.3 Employer change risks | |
| 13.4 Employer other risks |