ou are working with the project team to develop an estimate for a new construction project. One of the team members wants to pad the general conditions activity line. You caution the team against this approach and tell them there are two common contingency allowances that reserves can be allocated to. Provide a brief description of budget reserves and management reserves and explain why padding or (slush funds) are not an acceptable estimating practice.

Note: each correct description is worth five points, for a total of 15 points