Assignment ii $3$

$4.$ Using the information in the table below, calculate the total maximum risk contingency for the project. You may fill in the blank cells in the table to help you with your calculations. Suppose that you had decided to simply estimate the risk contingency as $7\%$ of the total base cost. Would you have overestimated or underestimated the appropriate amount of contingency compared the result from the expected net risk calculation?

$\backslash$table$[[$Element$,$Base Cost,Max Cost,$\%$ Probability$],[$Clearing$,$$$3,694,$$$4,000,20\%],[$Excavation$,$$$21,296,$$$23,000,20\%],[$Compaction$,$$$2,945,$$$3,500,10\%],[$Handwork$,$$$1,750,$$$2,000,15\%],[$Landscaping$,$$$8,720,$$$9,500,30\%],[$Paving$,$$$105,633,$$$110,000,40\%]]$