Fidrel — Construction cost risks and contingency
- Owners
- Engineers
- Public agencies
- General contractors
- Architects
- Developers
- Construction managers
- Subcontractors
Track project cost uncertainty and contingency in Fidrel. Keep risk estimates separate from approved expenditure and used reserves.
Describe the uncertainty
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Explain the event or assumption that may affect project cost. Identify responsibility and the evidence needed to assess the issue further.
Record the assessment and its assumptions. A risk allowance is an estimate, not a prediction guaranteed to occur or an approved order.
Assess the consequence
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Describe the uncertainty
Explain the event or assumption that may affect project cost. Identify responsibility and the evidence needed to assess the issue further.
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project participants prepared in one shared environment
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per document upload
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items per structured import
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access to project information
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Frequently asked questions
What should a cost risk describe?+
Explain the event or assumption that may affect project cost. Identify responsibility and the evidence needed to assess the issue further.
How should a risk amount be interpreted?+
Record the assessment and its assumptions. A risk allowance is an estimate, not a prediction guaranteed to occur or an approved order.
Why show contingency separately?+
Follow available and used contingency explicitly. Avoid burying uncertainty in ordinary cost items where its use becomes unclear.
When should risk assessments be updated?+
Review risks when information, scope or delivery changes. Explain revised assumptions so that the next forecast can be discussed with the project team.
Can every participant access every project feature?+
No. The project’s activated features, user role, and assigned permissions determine access. The administrator assigns access to the records each participant needs.