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CONTINGENCY & RISK MANAGEMENT |
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Risk Register, Contingency Budget Tracking &
Drawdown Log |
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CONTINGENCY BUDGET
SUMMARY |
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Original Contingency
Budget: |
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$1,245,000 |
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Management Reserve: |
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$622,500 |
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Total Risk Budget: |
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$1,867,500 |
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Contingency Used: |
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$160,000 |
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Contingency Remaining: |
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$1,707,500 |
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% Remaining: |
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91.4% |
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Contingency Rate
Applied: |
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10.0% |
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RISK REGISTER |
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Risk ID |
Risk Description |
Category |
Probability |
Impact ($) |
Risk Score ($) |
Mitigation Strategy |
Owner |
Status |
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R-001 |
Unforeseen subsurface conditions |
Geotechnical |
40% |
$350,000 |
$140,000 |
Additional soil testing |
Geotech Eng |
Active |
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R-002 |
Material price escalation (steel) |
Market |
60% |
$200,000 |
$120,000 |
Early procurement, fixed-price contracts |
Procurement |
Active |
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R-003 |
Skilled labor shortage |
Resource |
50% |
$180,000 |
$90,000 |
Pre-qualify subcontractors |
PM |
Active |
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R-004 |
Weather delays (winter season) |
Weather |
30% |
$150,000 |
$45,000 |
Schedule float, weather days |
Scheduler |
Active |
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R-005 |
Design changes by owner |
Scope |
50% |
$250,000 |
$125,000 |
Design freeze agreement |
PM |
Active |
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R-006 |
Permit delays |
Regulatory |
25% |
$100,000 |
$25,000 |
Early engagement with authorities |
PM |
Mitigated |
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R-007 |
Equipment failure / breakdown |
Equipment |
20% |
$80,000 |
$16,000 |
Maintenance schedule, backup equipment |
Site Supt |
Active |
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R-008 |
Subcontractor default |
Subcontract |
15% |
$400,000 |
$60,000 |
Performance bonds, backup subs |
PM |
Active |
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R-009 |
Environmental contamination found |
Environmental |
10% |
$500,000 |
$50,000 |
Environmental assessment |
Env Mgr |
Active |
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R-010 |
Code/regulation changes |
Regulatory |
15% |
$120,000 |
$18,000 |
Monitor regulatory updates |
PM |
Active |
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Total Risk Exposure: |
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$689,000 |
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CONTINGENCY DRAWDOWN LOG |
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Date |
Description |
Risk ID |
WBS Code |
Amount ($) |
Cumulative ($) |
Approved By |
Justification |
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5/1/2026 |
Additional piling - soft soil |
R-001 |
1.3.1 |
$85,000 |
$85,000 |
PM |
Unforeseen ground
conditions |
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6/15/2026 |
Steel price increase |
R-002 |
1.3.3 |
$45,000 |
$130,000 |
PM |
Market escalation |
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7/20/2026 |
Weather delay mitigation |
R-004 |
1.2.2 |
$30,000 |
$160,000 |
PM |
Acceleration costs |
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[Enter description] |
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$160,000 |
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[Enter description] |
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$160,000 |
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Note: Risk register uses sample data. Update
probability, impact, and mitigation strategies based on actual project risks. |
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