risk reserve, a simulation or estimation

Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter8: Pricing Generally
Section: Chapter Questions
Problem 15RQ
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Q2: When calculating a budget why a risk reserve, a simulation or estimation is performed. Provide justification with the help of examples?                                                                                                                                                                                            

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