For international events, it is considered wise to add a contingency factor of _______ over the basic cost estimates in order to

Question

natali 33 [55]

3 years ago

12

For international events, it is considered wise to add a contingency factor of _______ over the basic cost estimates in order to

cover currency fluctuations if services need to be contracted using the local currency.

Business

1 answer:

Delicious77 [7] · Answer 1 · 2022-05-10T00:25:50+03:00

Delicious77 [7]3 years ago

3 0

Answer: 10-20%

Explanation: A contingency factor is anything you can't predict accurately or forecast in the future. In order to cover currency fluctuations when services are done in local currency, contingency cost of 10-20% over basic cost estimate is advisable.