Randolph E. Ruff and Jonathan M. Mraunac | National Law Review | May 24, 2017 While both relatively simple concepts, allowances and contingencies are often confused with one another. Conflating the two can lead to pitfalls. An easy way to remind oneself of the difference is: allowances are for known unknowns, and contingencies are for unknown unknowns. Allowances An… Continue reading Construction One-Minute Read: Allowance or Contingency?