Contingency & Escalation¶
Quantify uncertainty: apply risk-based contingency and price escalation based on schedule, procurement lead times, market volatility, and known project risks.
- Typical inputs: risk register, schedule assumptions, commodity and labor indices, procurement strategy, contract terms
- Typical outputs: contingency model and rationale, escalation assumptions, scenario impacts, sensitivity summaries
- EKG + GenAI: link contingency and escalation to specific risks and evidence, run scenario narratives (“what drives the range”), and keep traceable justifications for governance and audit.