# Contingency Budget

**URL:** <https://community.blackspectacles.com/t/contingency-budget/4391>\
**Category:** Project Management\
**Created:** [June 20, 2022, 4:17pm UTC](https://community.blackspectacles.com/t/contingency-budget/4391 "2022-06-20T16:17:38Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![humeda](https://blackspectacles.com/uploads/images/7.png) [@humeda](https://community.blackspectacles.com/u/humeda)\
**Post date:** [June 20, 2022, 4:17pm UTC](https://community.blackspectacles.com/t/contingency-budget/4391/1 "2022-06-20T16:17:39Z")

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Hello,

I know there are some types of contingency budgets. (Project/Design/Construction)

Where each amount left will go when completion of a project?  
That will be an amount which Owner can save? or each one become profit of Designer and GC?

Thanks in advance,

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**Author:** ![coachrebeccasmith](https://yyz1.discourse-cdn.com/flex029/user_avatar/community.blackspectacles.com/coachrebeccasmith/32/1338_2.png) [@coachrebeccasmith](https://community.blackspectacles.com/u/coachrebeccasmith)\
**Post date:** [June 21, 2022, 6:32pm UTC](https://community.blackspectacles.com/t/contingency-budget/4391/2 "2022-06-21T18:32:07Z")

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Hi @humeda !

Contingencies are basically protection for architects, engineers, and contractors so they don’t lose money and it’s based upon a percentage of their fee. That contingency is only there if needed, so it’s only paid to the architect/engineer/contractor/etc if there’s a need for it.

Thanks,  
Rebecca