How much do you guys put into a job (in percentage form) for contingency items that cannot be billed as “extras” or change orders?
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5-7% here.
Ultimately depends on just how complete the specs and contract are though.
It all depends on the project for me. If it is a well scoped and straightforward effort, I put in about 3-5%. If it is vague or super challenging I make sure I up all my direct costs (Labor and materials) and then add 10-20%. If it is still vague, you need to word your scope of work so that your exposure is limited and start the change orders.
Bruce
roughly 5-10% but it's also an experience thing. the bigger issue os in the contract & how you cover such issues to make them a change order item.
"this dog may be old but he ain't cold. And he still knows how to bury a bone."
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