In architecture and construction, something will always go wrong. No matter how well you plan, unexpected challenges are inevitable - from material delays to unforeseen site conditions, or even acts of God.
In this episode, Michael Riscica breaks down what contingencies are, how they work, who should carry them, and how to determine the right amount for your project.
Learn why contingencies aren't just financial safety nets, but essential project management tools that reduce stress and keep projects on track. Whether you're preparing for the ARE, managing your first project, or simply looking to improve your approach to risk management, this episode offers practical strategies for planning for the unknown.
Read the full blogpost for this podcast at: https://academy2.youngarchitect.com/construction-contingency
Key Topics Covered
- What contingencies are and why they matter
- How contingencies work in both time and money
- Who carries contingencies (owners, architects, consultants, contractors)
- How to scale your contingency based on project unknowns
- Real-world examples of contingency planning in action
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Resources Mentioned
Young Architect Academy: academy2.youngarchitect.com
ARE Bootcamp Info: youngarchitect.com/arebootcamp
ARE 101 Courses: academy2.youngarchitect.com/join/ncarb-are-101