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tuil "t"m J., :Ail <br /> d 1W <br /> Regardless of how well planned a project is, there is certain to be some unanticipated <br /> expense that a school system has not included in the project budget. Project <br /> contingency is designed to allow for these unforeseen items. <br /> The County's current School Construction Standards allow for project contingency <br /> equivalent to 5 percent of construction and site development costs. State Department <br /> of Instruction guidelines use 4 percent as a guideline. The Task Force recommends <br /> budgeting project contingency at 3 '%2 to 4 percent of construction and site development <br /> costs. In accordance with the County's Policy on Planning and Funding School Capital <br /> Projects, the last phase of a project is a final accounting of expenditures. This phase <br /> provides the mechanism to account for how budgeted contingency funds were spent. <br /> 36 <br />