Range of contingency used in construction projects worldwide in 2014, by project size

This statistic shows what percentage of construction projects used various cost contingency percentage ranges segregated by the size of the project, as of 2014. A cost contingency range of 5 to 10 percent was the most commonly utilized in construction projects of all sizes. 55 percent of projects estimated to cost less than 1 billion US dollars used a cost contingency range of 5 to 10%. High cost projects were more likely to use a greater range with 8 percent of those projects estimated to cost more than 5 billion US dollars applying a cost contingency percentage greater than 20 percent.

Range of contingency used in construction projects worldwide in 2014, by project size

Project contingency rangeGlobalProject size: less than 1 billion U.S. dollarsProject size: 1-5 billion U.S. dollarsProject size: more than 5 billion U.S. dollars
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Source

Release date

March 2015

Region

Worldwide

Survey time period

FY 2014

Number of respondents

109 respondents

Special properties

senior leaders working in the construction industry*

Method of interview

Face-to-face interview

Supplementary notes

* Senior leaders - often CEOs - from organizations carrying out significant capital construction projects.

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Statistics on "Construction industry in the United Kingdom (UK)"

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